Numis Securities Ltd Upgrades Kingfisher plc (KGF) to Hold

Numis Securities Ltd Upgrades Kingfisher plc (KGF) to Hold

Kingfisher plc (LON:KGF) was upgraded by Numis Securities Ltd to a “hold” rating in a research report issued on Thursday. The firm presently has a GBX 325 ($4.01) price objective on the home improvement retailer’s stock. Numis Securities Ltd’s price objective would indicate a potential upside of 0.37% from the stock’s previous close.

Several other brokerages also recently commented on KGF. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 280 ($3.46) price objective on shares of Kingfisher plc in a research note on Wednesday, November 23rd. Haitong Bank reissued a “sell” rating and issued a GBX 270 ($3.33) price objective on shares of Kingfisher plc in a research note on Tuesday, January 3rd. Deutsche Bank AG reissued a “hold” rating and issued a GBX 370 ($4.57) price objective on shares of Kingfisher plc in a research note on Tuesday, January 3rd. HSBC Holdings plc reissued a “hold” rating and issued a GBX 380 ($4.69) price objective on shares of Kingfisher plc in a research note on Tuesday, January 3rd. Finally, Royal Bank of Canada reissued an “underperform” rating and issued a GBX 330 ($4.08) price objective on shares of Kingfisher plc in a research note on Wednesday, March 22nd. Nine investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 334 ($4.12).

Shares of Kingfisher plc (LON:KGF) opened at 322.10 on Thursday. The stock’s 50 day moving average price is GBX 332.29 and its 200-day moving average price is GBX 350.82. The firm’s market cap is GBX 7.31 billion. Kingfisher plc has a 12 month low of GBX 269.60 and a 12 month high of GBX 390.60.

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

Kingfisher plc Company Profile

Kingfisher plc is a home improvement company. The Company 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.

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