Kingfisher plc (LON:KGF) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kingfisher plc (LON:KGF) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the firm, reports. Five equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 207.86 ($2.72).

A number of equities analysts have weighed in on the stock. UBS Group reaffirmed a “sell” rating on shares of Kingfisher in a research note on Thursday, November 21st. JPMorgan Chase & Co. dropped their price target on Kingfisher from GBX 200 ($2.61) to GBX 190 ($2.48) and set an “underweight” rating on the stock in a research report on Friday, August 16th. HSBC downgraded Kingfisher to a “reduce” rating and cut their price target for the stock from GBX 160 ($2.09) to GBX 150 ($1.96) in a research note on Friday, November 22nd. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 220 ($2.87) price objective on shares of Kingfisher in a research report on Monday, September 2nd. Finally, Societe Generale reduced their price objective on Kingfisher from GBX 184 ($2.40) to GBX 170 ($2.22) and set a “sell” rating for the company in a research report on Thursday, November 21st.

LON:KGF traded down GBX 5.40 ($0.07) during mid-day trading on Tuesday, hitting GBX 204.70 ($2.67). 6,663,622 shares of the company’s stock were exchanged, compared to its average volume of 9,940,000. The company has a market cap of $4.43 billion and a PE ratio of 23.80. The company has a debt-to-equity ratio of 43.62, a current ratio of 1.16 and a quick ratio of 0.25. Kingfisher has a one year low of GBX 185.90 ($2.43) and a one year high of GBX 268.20 ($3.50). The business has a fifty day moving average price of GBX 211.27 and a 200 day moving average price of GBX 210.49.

The company also recently declared a dividend, which was paid on Friday, November 8th. Investors of record on Thursday, October 3rd were paid a GBX 3.33 ($0.04) dividend. This represents a yield of 1.71%. The ex-dividend date of this dividend was Thursday, October 3rd. Kingfisher’s payout ratio is 1.28%.

In other news, insider Mark Seligman acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of GBX 202 ($2.64) per share, for a total transaction of £20,200 ($26,394.88). Also, insider Bernard Bot acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of GBX 208 ($2.72) per share, with a total value of £104,000 ($135,894.42).

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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Analyst Recommendations for Kingfisher (LON:KGF)

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