Shares of Kingfisher plc (LON:KGF) shot up 0% during mid-day trading on Tuesday . The stock traded as high as GBX 298.80 ($3.93) and last traded at GBX 308.50 ($4.06). 13,447,490 shares changed hands during mid-day trading, an increase of 42% from the average session volume of 9,440,000 shares. The stock had previously closed at GBX 308.50 ($4.06).
Several brokerages recently issued reports on KGF. Investec restated a “sell” rating and issued a GBX 268 ($3.52) price objective on shares of Kingfisher plc in a report on Monday, November 6th. Deutsche Bank AG restated a “hold” rating and issued a GBX 325 ($4.27) price objective on shares of Kingfisher plc in a report on Wednesday. Jefferies Group LLC upgraded shares of Kingfisher plc to a “buy” rating and boosted their price objective for the company from GBX 310 ($4.08) to GBX 400 ($5.26) in a report on Wednesday. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 288 ($3.79) price objective on shares of Kingfisher plc in a report on Wednesday. Finally, Credit Suisse Group restated an “outperform” rating on shares of Kingfisher plc in a report on Wednesday, September 20th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 331.14 ($4.36).
The business also recently disclosed a dividend, which was paid on Friday, November 10th. Stockholders of record on Thursday, October 5th were given a dividend of GBX 3.33 ($0.04) per share. This represents a dividend yield of 1.12%. The ex-dividend date was Thursday, October 5th.
In other Kingfisher plc news, insider Andrew Cosslett purchased 99,802 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was purchased at an average cost of GBX 301 ($3.96) per share, with a total value of £300,404.02 ($395,112.48). Also, insider Veronique Laury sold 2,294 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of GBX 303 ($3.99), for a total value of £6,950.82 ($9,142.21). Over the last three months, insiders have bought 99,903 shares of company stock valued at $30,070,427.
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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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