Kingfisher (LON:KGF) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Kingfisher (LON:KGFGet Rating) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have a GBX 220 ($2.66) target price on the home improvement retailer’s stock.

KGF has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft restated a buy rating and issued a GBX 270 ($3.26) price objective on shares of Kingfisher in a research note on Wednesday. Royal Bank of Canada lowered their price target on shares of Kingfisher from GBX 370 ($4.47) to GBX 350 ($4.23) and set an outperform rating on the stock in a report on Monday, May 30th. Jefferies Financial Group lowered shares of Kingfisher to a hold rating and lowered their price target for the company from GBX 335 ($4.05) to GBX 240 ($2.90) in a report on Tuesday, September 6th. Finally, Berenberg Bank reaffirmed a hold rating and issued a GBX 295 ($3.56) target price on shares of Kingfisher in a report on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Kingfisher presently has an average rating of Hold and an average price target of GBX 275 ($3.32).

Kingfisher Price Performance

LON KGF opened at GBX 237.10 ($2.86) on Wednesday. The company has a quick ratio of 0.35, a current ratio of 1.27 and a debt-to-equity ratio of 35.29. The stock has a market capitalization of £4.66 billion and a PE ratio of 585.25. The company has a 50 day moving average price of GBX 246.73 and a two-hundred day moving average price of GBX 253.11. Kingfisher has a 12-month low of GBX 227.30 ($2.75) and a 12-month high of GBX 359.80 ($4.35).

Kingfisher Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 11th. Investors of record on Thursday, October 6th will be paid 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 payout ratio is 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.

See Also

Analyst Recommendations for Kingfisher (LON:KGF)

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