Kingfisher (LON:KGF) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Kingfisher (LON:KGFGet Rating) in a report published on Wednesday, MarketBeat reports. The brokerage currently has a GBX 270 ($3.26) target price on the home improvement retailer’s stock.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Kingfisher to a hold rating and decreased their target price for the stock from GBX 335 ($4.05) to GBX 240 ($2.90) in a report on Tuesday, September 6th. Royal Bank of Canada decreased their target price on shares of Kingfisher from GBX 370 ($4.47) to GBX 350 ($4.23) and set an outperform rating for the company in a report on Monday, May 30th. JPMorgan Chase & Co. decreased their target price on shares of Kingfisher from GBX 245 ($2.96) to GBX 220 ($2.66) and set an underweight rating for the company in a report on Wednesday, September 7th. Finally, Berenberg Bank reiterated a hold rating and issued a GBX 295 ($3.56) target price on shares of Kingfisher in a report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of GBX 275 ($3.32).

Kingfisher Stock Down 0.2 %

Shares of LON:KGF opened at GBX 237.10 ($2.86) on Wednesday. The stock has a market capitalization of £4.66 billion and a price-to-earnings ratio of 585.25. Kingfisher has a 1-year low of GBX 227.30 ($2.75) and a 1-year high of GBX 359.80 ($4.35). The company’s fifty day moving average is GBX 246.73 and its two-hundred day moving average is GBX 253.11. The company has a debt-to-equity ratio of 35.29, a quick ratio of 0.35 and a current ratio of 1.27.

Kingfisher Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 11th. Shareholders of record on Thursday, October 6th will be issued a dividend of GBX 3.80 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a yield of 1.54%. Kingfisher’s dividend payout ratio (DPR) is presently 30.13%.

Kingfisher Company Profile

(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.

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Analyst Recommendations for Kingfisher (LON:KGF)

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