Kingfisher (LON:KGF) Price Target Lowered to GBX 245 at JPMorgan Chase & Co.

Kingfisher (LON:KGFGet Rating) had its target price cut by JPMorgan Chase & Co. from GBX 255 ($3.21) to GBX 245 ($3.08) in a research report released on Wednesday, Marketbeat.com reports. They currently have an underweight rating on the home improvement retailer’s stock.

KGF has been the topic of several other reports. Morgan Stanley restated an equal weight rating on shares of Kingfisher in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft restated a buy rating and issued a GBX 335 ($4.22) price objective on shares of Kingfisher in a report on Wednesday, May 18th. Berenberg Bank reduced their price objective on shares of Kingfisher from GBX 370 ($4.66) to GBX 295 ($3.71) and set a hold rating on the stock in a report on Thursday, March 24th. Finally, Royal Bank of Canada reiterated an outperform rating and set a GBX 370 ($4.66) price target on shares of Kingfisher in a research note on Monday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of GBX 311.25 ($3.92).

Shares of KGF opened at GBX 265.70 ($3.34) on Wednesday. The firm has a market cap of £5.36 billion and a P/E ratio of 6.68. Kingfisher has a 12-month low of GBX 235.20 ($2.96) and a 12-month high of GBX 378 ($4.76). The company’s 50-day moving average price is GBX 256.65 and its 200 day moving average price is GBX 299.39. The company has a current ratio of 1.27, a quick ratio of 0.35 and a debt-to-equity ratio of 35.29.

The firm also recently declared a dividend, which will be paid on Monday, June 27th. Shareholders of record on Thursday, May 19th will be paid a dividend of GBX 8.60 ($0.11) per share. The ex-dividend date is Thursday, May 19th. This is a positive change from Kingfisher’s previous dividend of $3.80. This represents a yield of 2.95%. Kingfisher’s dividend payout ratio is 0.30%.

In other Kingfisher news, insider Jeff Carr purchased 210,000 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was purchased at an average cost of GBX 260 ($3.27) per share, with a total value of £546,000 ($687,051.72).

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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