Kingfisher plc (LON:KGF)‘s stock had its “underweight” rating reaffirmed by stock analysts at J P Morgan Chase & Co in a note issued to investors on Monday, May 15th, StockTargetPrices.com reports. They presently have a GBX 288 ($3.64) price target on the home improvement retailer’s stock. J P Morgan Chase & Co’s target price indicates a potential downside of 5.82% from the company’s current price.
Other equities analysts have also issued research reports about the company. Haitong Bank reissued a “sell” rating and set a GBX 275 ($3.48) price target on shares of Kingfisher plc in a report on Wednesday, March 22nd. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 330 ($4.17) price target on shares of Kingfisher plc in a report on Wednesday, March 22nd. HSBC Holdings plc reissued a “hold” rating and set a GBX 380 ($4.81) price target on shares of Kingfisher plc in a report on Wednesday, March 22nd. Investec reissued a “sell” rating and set a GBX 268 ($3.39) price target on shares of Kingfisher plc in a report on Friday, May 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a GBX 325 ($4.11) price target on shares of Kingfisher plc in a report on Tuesday, May 9th. Eight research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 326.29 ($4.13).
Shares of Kingfisher plc (LON KGF) traded up 1.43% during midday trading on Monday, reaching GBX 305.80. The company had a trading volume of 17,327,719 shares. Kingfisher plc has a 1-year low of GBX 269.60 and a 1-year high of GBX 390.60. The stock’s market capitalization is GBX 6.83 billion. The firm’s 50 day moving average price is GBX 334.22 and its 200-day moving average price is GBX 336.05.
The business also recently declared a dividend, which will be paid on Monday, June 19th. Stockholders of record on Thursday, May 4th will be given a dividend of GBX 7.15 ($0.09) per share. This represents a dividend yield of 2.18%. This is an increase from Kingfisher plc’s previous dividend of $3.25. The ex-dividend date of this dividend is Thursday, May 4th.
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About Kingfisher plc
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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