Kingfisher plc (LON:KGF) had its target price dropped by analysts at Jefferies Group from GBX 350 ($4.37) to GBX 335 ($4.19) in a research report issued to clients and investors on Tuesday. The brokerage currently has a “hold” rating on the home improvement retailer’s stock. Jefferies Group’s price objective indicates a potential downside of 6.14% from the stock’s current price.
Several other equities analysts have also weighed in on KGF. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 280 ($3.50) price objective on shares of Kingfisher plc in a report on Tuesday, September 27th. Royal Bank Of Canada dropped their price objective on shares of Kingfisher plc from GBX 350 ($4.37) to GBX 325 ($4.06) and set a ” underperform” rating on the stock in a report on Monday, July 11th. Haitong Bank reiterated a “sell” rating and set a GBX 260 ($3.25) price objective (down previously from GBX 270 ($3.37)) on shares of Kingfisher plc in a report on Tuesday, September 20th. Barclays PLC dropped their price objective on shares of Kingfisher plc from GBX 300 ($3.75) to GBX 285 ($3.56) and set an “underweight” rating on the stock in a report on Friday, July 22nd. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 430 ($5.37) price objective on shares of Kingfisher plc in a report on Friday, September 30th. Ten investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Kingfisher plc presently has an average rating of “Hold” and an average target price of GBX 343.84 ($4.30).
Shares of Kingfisher plc (LON:KGF) traded down 0.39% during midday trading on Tuesday, reaching GBX 356.90. 4,444,033 shares of the company traded hands. Kingfisher plc has a 12-month low of GBX 300.10 and a 12-month high of GBX 390.60. The company has a 50-day moving average of GBX 362.93 and a 200 day moving average of GBX 357.21. The firm’s market capitalization is GBX 8.11 billion.
The company also recently announced a dividend, which was paid on Friday, November 11th. Shareholders of record on Thursday, October 6th were paid a GBX 3.25 ($0.04) dividend. This represents a yield of 0.88%. The ex-dividend date of this dividend was Thursday, October 6th.
In other Kingfisher plc news, insider Karen Witts sold 12,652 shares of the stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of GBX 366 ($4.57), for a total value of £46,306.32 ($57,853.97).