Kingfisher plc (KGF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Kingfisher plc (LON:KGF) have been given a consensus rating of “Hold” by the sixteen brokerages that are covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 328.31 ($4.15).

KGF has been the topic of several research reports. Citigroup Inc. restated a “sell” rating on shares of Kingfisher plc in a report on Thursday, March 23rd. Jefferies Group LLC restated a “hold” rating and set a GBX 325 ($4.11) price objective on shares of Kingfisher plc in a report on Thursday, March 23rd. Royal Bank of Canada restated an “underperform” rating and set a GBX 330 ($4.17) price objective on shares of Kingfisher plc in a report on Wednesday, March 22nd. Investec restated a “sell” rating and set a GBX 268 ($3.39) price objective on shares of Kingfisher plc in a report on Wednesday, May 24th. Finally, HSBC Holdings plc upgraded shares of Kingfisher plc to a “buy” rating and upped their price objective for the stock from GBX 380 ($4.81) to GBX 440 ($5.57) in a report on Wednesday, May 17th.

Shares of Kingfisher plc (LON KGF) traded up 1.43% during midday trading on Friday, hitting GBX 305.80. 17,327,719 shares of the company were exchanged. The firm’s market capitalization is GBX 6.83 billion. Kingfisher plc has a one year low of GBX 269.60 and a one year high of GBX 390.60. The firm’s 50 day moving average price is GBX 334.22 and its 200 day moving average price is GBX 336.05.

The business also recently disclosed a dividend, which will be paid on Monday, June 19th. Investors of record on Thursday, May 4th will be issued a dividend of GBX 7.15 ($0.09) per share. This represents a yield of 2.18%. The ex-dividend date is Thursday, May 4th. This is an increase from Kingfisher plc’s previous dividend of $3.25.

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About Kingfisher plc

Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.

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