Brokerages Set Kingfisher plc (KGF) Price Target at $246.43

Kingfisher plc (LON:KGF) has earned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 245.71 ($3.21).

Several brokerages recently commented on KGF. Credit Suisse Group downgraded shares of Kingfisher to a “neutral” rating and dropped their price objective for the company from GBX 255 ($3.33) to GBX 240 ($3.14) in a research note on Friday, March 22nd. UBS Group reissued a “sell” rating on shares of Kingfisher in a research note on Thursday, May 9th. Goldman Sachs Group downgraded shares of Kingfisher to a “neutral” rating and dropped their price objective for the company from GBX 270 ($3.53) to GBX 260 ($3.40) in a research note on Tuesday, February 5th. Royal Bank of Canada dropped their price objective on shares of Kingfisher from GBX 220 ($2.87) to GBX 215 ($2.81) and set an “underperform” rating for the company in a research note on Monday. Finally, Jefferies Financial Group dropped their price objective on shares of Kingfisher from GBX 400 ($5.23) to GBX 320 ($4.18) and set a “buy” rating for the company in a research note on Tuesday, April 9th.

In other Kingfisher news, insider Sophie Gasperment purchased 10,000 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was purchased at an average cost of GBX 227 ($2.97) per share, for a total transaction of £22,700 ($29,661.57).

Shares of LON:KGF opened at GBX 225.20 ($2.94) on Friday. The company has a market capitalization of $4.73 billion and a P/E ratio of 22.08. The company has a quick ratio of 0.22, a current ratio of 1.28 and a debt-to-equity ratio of 2.67. Kingfisher has a one year low of GBX 202.70 ($2.65) and a one year high of GBX 319.70 ($4.18).

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

Kingfisher Company Profile

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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