UBS Group restated their sell rating on shares of Kingfisher (LON:KGF) in a report released on Thursday, ThisIsMoney.Co.Uk reports.
Several other research firms also recently weighed in on KGF. Royal Bank of Canada lifted their target price on Kingfisher from GBX 200 ($2.61) to GBX 220 ($2.87) and gave the company an underperform rating in a research report on Wednesday, April 17th. Jefferies Financial Group lowered their target price on Kingfisher from GBX 400 ($5.23) to GBX 320 ($4.18) and set a buy rating on the stock in a research report on Tuesday, April 9th. Societe Generale downgraded Kingfisher to a sell rating in a research report on Tuesday, April 9th. Credit Suisse Group lowered their target price on Kingfisher from GBX 315 ($4.12) to GBX 280 ($3.66) and set an outperform rating on the stock in a research report on Tuesday, February 19th. Finally, Goldman Sachs Group downgraded Kingfisher to a neutral rating and lowered their target price for the company from GBX 270 ($3.53) to GBX 260 ($3.40) in a research report on Tuesday, February 5th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Kingfisher has a consensus rating of Hold and an average target price of GBX 241.25 ($3.15).
LON KGF traded down GBX 1.50 ($0.02) on Thursday, hitting GBX 228.20 ($2.98). 7,892,775 shares of the company traded hands, compared to its average volume of 9,940,000. The company has a market capitalization of $4.80 billion and a PE ratio of 22.37. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.26 and a current ratio of 1.28. Kingfisher has a 52-week low of GBX 202.70 ($2.65) and a 52-week high of GBX 319.70 ($4.18).
The business also recently announced a dividend, which will be paid on Monday, July 15th. Investors of record on Thursday, June 6th will be given a dividend of GBX 7.49 ($0.10) per share. The ex-dividend date of this dividend is Thursday, June 6th. This is an increase from Kingfisher’s previous dividend of $3.33. This represents a yield of 3.26%. Kingfisher’s payout ratio is 1.08%.
In other Kingfisher news, insider Sophie Gasperment acquired 10,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were acquired at an average cost of GBX 227 ($2.97) per share, for a total transaction of £22,700 ($29,661.57).
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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