Kingfisher (KGF) Rating Reiterated by UBS Group

UBS Group reiterated their sell rating on shares of Kingfisher (LON:KGF) in a research note released on Thursday, March 21st, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently commented on the company. HSBC cut Kingfisher to a hold rating and reduced their target price for the stock from GBX 350 ($4.57) to GBX 240 ($3.14) in a research report on Thursday, November 22nd. JPMorgan Chase & Co. cut their price objective on Kingfisher from GBX 240 ($3.14) to GBX 220 ($2.87) and set an underweight rating for the company in a report on Friday, November 23rd. Royal Bank of Canada cut Kingfisher to an underperform rating and cut their price objective for the stock from GBX 240 ($3.14) to GBX 200 ($2.61) in a report on Monday, January 21st. Goldman Sachs Group cut Kingfisher to a neutral rating and cut their price objective for the stock from GBX 270 ($3.53) to GBX 260 ($3.40) in a report on Tuesday, February 5th. Finally, Credit Suisse Group lowered their target price on Kingfisher from GBX 315 ($4.12) to GBX 280 ($3.66) and set an outperform rating for the company in a research note on Tuesday, February 19th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Kingfisher presently has a consensus rating of Hold and an average price target of GBX 238.75 ($3.12).

Shares of LON KGF traded up GBX 2.60 ($0.03) during mid-day trading on Thursday, hitting GBX 255.80 ($3.34). The company had a trading volume of 3,577,729 shares, compared to its average volume of 9,940,000. The stock has a market cap of $5.38 billion and a PE ratio of 25.08. Kingfisher has a 1 year low of GBX 202.70 ($2.65) and a 1 year high of GBX 319.70 ($4.18). The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.26 and a current ratio of 1.28.

The business also recently declared a dividend, which will be paid on Monday, July 15th. Investors of record on Thursday, June 6th will be paid a GBX 7.49 ($0.10) dividend. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 3.26%. This is an increase from Kingfisher’s previous dividend of $3.33. Kingfisher’s dividend payout ratio is presently 1.08%.

In other Kingfisher news, insider Sophie Gasperment bought 10,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were acquired at an average cost of GBX 227 ($2.97) per share, for a total transaction of £22,700 ($29,661.57). Insiders purchased a total of 10,194 shares of company stock worth $2,315,158 in the last 90 days.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

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Analyst Recommendations for Kingfisher (LON:KGF)

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