Kingfisher plc (LON:KGF) was up 1.8% during mid-day trading on Friday . The stock traded as high as GBX 311 ($4.09) and last traded at GBX 309.30 ($4.07). Approximately 12,386,404 shares changed hands during trading, an increase of 25% from the average daily volume of 9,938,490 shares. The stock had previously closed at GBX 303.90 ($4.00).
Several equities research analysts have issued reports on KGF shares. Morgan Stanley upgraded shares of Kingfisher plc to an “overweight” rating and lifted their target price for the company from GBX 290 ($3.81) to GBX 380 ($5.00) in a research report on Wednesday, July 12th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 440 ($5.78) target price on shares of Kingfisher plc in a research report on Friday, July 21st. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 288 ($3.79) target price on shares of Kingfisher plc in a research report on Friday, October 6th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 410 ($5.39) target price on shares of Kingfisher plc in a research report on Friday, September 1st. Finally, Barclays PLC reiterated an “underweight” rating and set a GBX 300 ($3.94) target price on shares of Kingfisher plc in a research report on Friday, August 11th. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 321.86 ($4.23).
The business also recently declared a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 5th will be given a GBX 3.33 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 1.12%.
In related news, insider Andrew Cosslett purchased 99,802 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was bought at an average cost of GBX 301 ($3.96) per share, for a total transaction of £300,404.02 ($394,956.64). Over the last 90 days, insiders purchased 99,953 shares of company stock valued at $30,085,376.
Kingfisher plc Company Profile
Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
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