Kingfisher (KGF) Receives “Sector Performer” Rating from Royal Bank of Canada

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Royal Bank of Canada restated their sector performer rating on shares of Kingfisher (LON:KGF) in a research note published on Tuesday morning.

Several other analysts also recently commented on the company. Credit Suisse Group lowered their price objective on Kingfisher from GBX 425 ($5.55) to GBX 355 ($4.64) and set an outperform rating for the company in a research note on Tuesday, September 11th. UBS Group reissued a sell rating on shares of Kingfisher in a research note on Friday, September 14th. Jefferies Financial Group reissued a buy rating and issued a GBX 400 ($5.23) price objective on shares of Kingfisher in a research note on Tuesday, September 11th. Citigroup raised Kingfisher to a neutral rating in a research note on Wednesday, July 25th. Finally, HSBC reissued a buy rating on shares of Kingfisher in a research note on Monday, July 9th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 327.56 ($4.28).

Shares of Kingfisher stock opened at GBX 241.80 ($3.16) on Tuesday. Kingfisher has a 52 week low of GBX 285.30 ($3.73) and a 52 week high of GBX 369.80 ($4.83).

The firm also recently declared a dividend, which will be paid on Friday, November 9th. Investors of record on Thursday, October 4th will be given a dividend of GBX 3.33 ($0.04) per share. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, October 4th.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

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Analyst Recommendations for Kingfisher (LON:KGF)

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