Kingfisher plc (LON:KGF) Receives New Coverage from Analysts at Credit Suisse Group

Credit Suisse Group assumed coverage on shares of Kingfisher plc (LON:KGF) in a report issued on Monday, November 6th. The brokerage issued an outperform rating and a GBX 410 ($5.39) price objective on the home improvement retailer’s stock.

A number of other research firms also recently weighed in on KGF. Morgan Stanley upgraded Kingfisher to an overweight rating and lifted their target price for the stock from GBX 290 ($3.81) to GBX 380 ($5.00) in a research note on Wednesday, July 12th. reiterated a buy rating and set a GBX 440 ($5.79) target price on shares of Kingfisher in a research note on Friday, July 21st. Barclays PLC reiterated an underweight rating and set a GBX 300 ($3.95) target price on shares of Kingfisher in a research note on Friday, August 11th. Investec reiterated a sell rating and set a GBX 268 ($3.52) target price on shares of Kingfisher in a research note on Thursday, August 17th. Finally, Beaufort Securities reissued a hold rating on shares of Kingfisher in a report on Friday, August 18th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 331.14 ($4.36).

Kingfisher (KGF) traded down GBX 4.60 ($0.06) during midday trading on Monday, hitting GBX 316.10 ($4.16). The stock had a trading volume of 12,451,324 shares, compared to its average volume of 9,870,000. Kingfisher has a 52 week low of GBX 269.60 ($3.55) and a 52 week high of GBX 370.30 ($4.87).

The company also recently disclosed a dividend, which was paid on Friday, November 10th. Investors of record on Thursday, October 5th were given a dividend of GBX 3.33 ($0.04) per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a yield of 1.12%.

In other Kingfisher news, insider Veronique Laury sold 2,294 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of GBX 303 ($3.99), for a total value of £6,950.82 ($9,142.21). Also, insider Andrew Cosslett purchased 99,802 shares of Kingfisher stock in a transaction on Tuesday, October 3rd. The stock was bought at an average price of GBX 301 ($3.96) per share, for a total transaction of £300,404.02 ($395,112.48). Insiders have purchased a total of 99,903 shares of company stock worth $30,070,427 in the last 90 days.

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About Kingfisher

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.

Analyst Recommendations for Kingfisher (LON:KGF)

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