Kingfisher plc (LON:KGF) Given Consensus Rating of “Hold” by Analysts

Kingfisher plc (LON:KGF – Get Rating) has received a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 350.60 ($4.57).

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Kingfisher to a “buy” rating and cut their price target for the company from GBX 355 ($4.63) to GBX 335 ($4.37) in a report on Monday, April 4th. Berenberg Bank dropped their price objective on Kingfisher from GBX 370 ($4.82) to GBX 295 ($3.84) and set a “hold” rating for the company in a research note on Thursday, March 24th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 313 ($4.08) target price on shares of Kingfisher in a research note on Monday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 370 ($4.82) price target on shares of Kingfisher in a research report on Monday, April 11th.

In other news, insider Jeff Carr acquired 210,000 shares of the business’s stock in a transaction dated Monday, April 11th. The stock was purchased at an average cost of GBX 260 ($3.39) per share, for a total transaction of £546,000 ($711,493.35).

Shares of LON:KGF opened at GBX 258.30 ($3.37) on Friday. The company has a 50 day moving average of GBX 284.28 and a 200 day moving average of GBX 317.19. The stock has a market cap of £5.28 billion and a P/E ratio of 6.49. Kingfisher has a 12 month low of GBX 247.40 ($3.22) and a 12 month high of GBX 389.67 ($5.08). The company has a current ratio of 1.27, a quick ratio of 0.35 and a debt-to-equity ratio of 35.29.

The company also recently announced a dividend, which will be paid on Monday, June 27th. Investors of record on Thursday, May 19th will be paid a GBX 8.60 ($0.11) dividend. This represents a yield of 2.95%. The ex-dividend date of this dividend is Thursday, May 19th. This is a boost from Kingfisher’s previous dividend of $3.80. Kingfisher’s dividend payout ratio is currently 0.30%.

About Kingfisher (Get Rating)

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing, and IT services. It operates approximately 1,386 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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