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Kingfisher plc (LON:KGF) Given Average Recommendation of "Hold" by Brokerages – MarketBeat

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Shares of Kingfisher plc (LON:KGFGet Rating) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 273 ($3.21).
A number of analysts recently issued reports on KGF shares. Jefferies Financial Group lowered Kingfisher to a “hold” rating and lowered their price target for the company from GBX 335 ($3.94) to GBX 240 ($2.82) in a report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 270 ($3.17) price target on shares of Kingfisher in a report on Wednesday, September 21st. Finally, JPMorgan Chase & Co. lowered their price target on Kingfisher from GBX 220 ($2.59) to GBX 210 ($2.47) and set an “underweight” rating for the company in a report on Thursday.

Kingfisher Trading Up 3.4 %

Shares of LON KGF opened at GBX 246.10 ($2.89) on Friday. The business’s 50 day moving average is GBX 226.64 and its two-hundred day moving average is GBX 240.69. The company has a debt-to-equity ratio of 34.50, a current ratio of 1.25 and a quick ratio of 0.27. Kingfisher has a 1-year low of GBX 198.60 ($2.33) and a 1-year high of GBX 359.80 ($4.23). The stock has a market capitalization of £4.81 billion and a P/E ratio of 769.06.

Kingfisher Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 11th. Investors of record on Thursday, October 6th were given a GBX 3.80 ($0.04) dividend. This represents a dividend yield of 1.54%. The ex-dividend date was Thursday, October 6th. Kingfisher’s payout ratio is 38.75%.

About Kingfisher

(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.

Further Reading

Analyst Recommendations for Kingfisher (LON:KGF)
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