Kingfisher plc (LON:KGF) Receives Consensus Recommendation of “Hold” from Analysts

Kingfisher plc (LON:KGFGet Rating) has been given a consensus recommendation of “Hold” by the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 350.60 ($4.32).

A number of equities analysts recently issued reports on KGF shares. Deutsche Bank Aktiengesellschaft raised Kingfisher to a “buy” rating and lowered their price target for the company from GBX 355 ($4.38) to GBX 335 ($4.13) in a report on Monday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 370 ($4.56) price target on shares of Kingfisher in a report on Tuesday, May 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 313 ($3.86) price objective on shares of Kingfisher in a report on Monday, January 31st. Finally, Berenberg Bank decreased their price objective on Kingfisher from GBX 370 ($4.56) to GBX 295 ($3.64) and set a “hold” rating for the company in a report on Thursday, March 24th.

KGF stock opened at GBX 246.40 ($3.04) on Wednesday. The company’s 50 day moving average price is GBX 262.87 and its 200 day moving average price is GBX 306.79. The company has a debt-to-equity ratio of 35.29, a quick ratio of 0.35 and a current ratio of 1.27. Kingfisher has a fifty-two week low of GBX 235.20 ($2.90) and a fifty-two week high of GBX 389.67 ($4.80). The firm has a market capitalization of £4.97 billion and a price-to-earnings ratio of 6.17.

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

In related news, insider Jeff Carr purchased 210,000 shares of the business’s stock in a transaction dated Monday, April 11th. The stock was acquired at an average price of GBX 260 ($3.21) per share, for a total transaction of £546,000 ($673,159.91).

Kingfisher Company Profile (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 franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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Analyst Recommendations for Kingfisher (LON:KGF)

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