Credit Suisse Group AG restated their outperform rating on shares of Kingfisher plc (LON:KGF) in a research note issued to investors on Tuesday morning. The brokerage currently has a GBX 430 ($5.61) target price on the home improvement retailer’s stock.
A number of other research analysts have also recently weighed in on KGF. Jefferies Group upgraded shares of Kingfisher plc to a buy rating and boosted their target price for the company from GBX 350 ($4.57) to GBX 420 ($5.48) in a research note on Wednesday, June 1st. HSBC reiterated a hold rating and issued a GBX 355 ($4.63) target price on shares of Kingfisher plc in a research note on Tuesday, May 24th. Beaufort Securities reiterated a hold rating on shares of Kingfisher plc in a research note on Friday, August 19th. Haitong Bank reissued a sell rating and issued a GBX 290 ($3.79) price target on shares of Kingfisher plc in a research report on Tuesday, May 31st. Finally, Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 390 ($5.09) price target on shares of Kingfisher plc in a research report on Tuesday, September 6th. Ten equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Kingfisher plc presently has an average rating of Hold and a consensus price target of GBX 342.26 ($4.47).
Kingfisher plc (LON:KGF) opened at 374.00 on Tuesday. Kingfisher plc has a 52 week low of GBX 300.10 and a 52 week high of GBX 387.00. The firm’s market capitalization is GBX 8.49 billion. The company has a 50-day moving average of GBX 367.25 and a 200-day moving average of GBX 356.60.
The business also recently disclosed a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be issued a GBX 3.25 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 0.88%.
Kingfisher plc Company Profile
Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International. The Other International segment consists of the operations in Poland, China, Germany, Portugal, Romania, Russia and Spain, and of its joint venture with Koc Group, Koctas, a Turkey-based home improvement retailer.
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