Kingfisher plc (LON:KGF) had its target price cut by stock analysts at Credit Suisse Group AG from GBX 430 ($5.59) to GBX 410 ($5.33) in a note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the home improvement retailer’s stock. Credit Suisse Group AG’s target price suggests a potential upside of 23.87% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the stock. HSBC Holdings plc raised shares of Kingfisher plc to a “buy” rating and boosted their price target for the stock from GBX 380 ($4.94) to GBX 440 ($5.72) in a research note on Wednesday, May 17th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 288 ($3.75) price target on shares of Kingfisher plc in a research note on Monday, May 15th. Investec reissued a “sell” rating and set a GBX 268 ($3.49) price target on shares of Kingfisher plc in a research note on Friday, May 12th. Jefferies Group LLC reissued a “hold” rating and set a GBX 325 ($4.23) price target on shares of Kingfisher plc in a research note on Tuesday, May 9th. Finally, BNP Paribas dropped their price target on shares of Kingfisher plc from GBX 315 ($4.10) to GBX 260 ($3.38) and set an “underperform” rating for the company in a research note on Monday, April 3rd. Eight investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 326.29 ($4.24).
Shares of Kingfisher plc (LON:KGF) opened at 331.70 on Wednesday. Kingfisher plc has a one year low of GBX 269.60 and a one year high of GBX 390.60. The company’s market capitalization is GBX 7.41 billion. The company’s 50-day moving average is GBX 338.83 and its 200-day moving average is GBX 340.90.
The business also recently declared a dividend, which will be paid on Monday, June 19th. Stockholders of record on Thursday, May 4th will be issued a GBX 7.15 ($0.09) dividend. This represents a dividend yield of 2.18%. The ex-dividend date is Thursday, May 4th. This is a boost from Kingfisher plc’s previous dividend of $3.25.
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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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