JPMorgan Chase & Co. Trims Kingfisher (OTCMKTS:KGFHY) Target Price to GBX 245

Kingfisher (OTCMKTS:KGFHY – Get Rating) had its target price decreased by JPMorgan Chase & Co. from GBX 255 ($3.21) to GBX 245 ($3.08) in a research report sent to investors on Wednesday morning, The Fly reports.

Several other equities research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft raised Kingfisher from a hold rating to a buy rating in a research report on Monday, April 4th. Zacks Investment Research raised Kingfisher from a sell rating to a hold rating in a research report on Friday, May 13th. Credit Suisse Group decreased their target price on Kingfisher from GBX 425 ($5.35) to GBX 375 ($4.72) in a research report on Tuesday, March 22nd. Finally, Societe Generale lowered Kingfisher from a hold rating to a sell rating in a report on Wednesday, February 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $210.00.

Shares of Kingfisher stock opened at $6.72 on Wednesday. Kingfisher has a 1 year low of $5.76 and a 1 year high of $10.47. The stock has a fifty day moving average price of $6.54 and a 200-day moving average price of $7.91.

The company also recently disclosed a dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, May 20th will be issued a $0.206 dividend. This represents a yield of 8.09%. The ex-dividend date is Thursday, May 19th.

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.

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