Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued on Tuesday, StockTargetPrices.com reports. They currently have a GBX 280 ($3.65) target price on the home improvement retailer’s stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 24.67% from the stock’s previous close.
Several other research firms have also recently commented on KGF. Jefferies Group upgraded Kingfisher plc to a “buy” rating and raised their target price for the company from GBX 350 ($4.57) to GBX 420 ($5.48) in a research report on Wednesday, June 1st. Societe Generale restated a “hold” rating and issued a GBX 362 ($4.73) target price on shares of Kingfisher plc in a research report on Wednesday, September 21st. Beaufort Securities restated a “hold” rating on shares of Kingfisher plc in a research report on Friday, August 19th. Haitong Bank restated a “sell” rating and issued a GBX 290 ($3.79) target price on shares of Kingfisher plc in a research report on Tuesday, May 31st. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a GBX 390 ($5.09) target price 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 assigned a hold rating and four have given a buy rating to the company. Kingfisher plc presently has an average rating of “Hold” and an average target price of GBX 342.26 ($4.47).
Shares of Kingfisher plc (LON:KGF) opened at 371.70 on Tuesday. The firm’s market cap is GBX 8.44 billion. The stock’s 50 day moving average price is GBX 368.80 and its 200 day moving average price is GBX 357.31. Kingfisher plc has a 12 month low of GBX 300.10 and a 12 month high of GBX 387.00.
The company also recently disclosed a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be issued a dividend of GBX 3.25 ($0.04) per share. The ex-dividend date is Thursday, October 6th. This represents a dividend yield of 0.88%.
In related news, insider Karen Witts sold 12,652 shares of the stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of GBX 366 ($4.78), for a total transaction of £46,306.32 ($60,444.22).
About Kingfisher plc
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.
Receive News & Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related companies with MarketBeat.com's FREE daily email newsletter.