Kingfisher (LON:KGF) Price Target Raised to GBX 350 at Deutsche Bank Aktiengesellschaft

Kingfisher (LON:KGF) had its price target hoisted by Deutsche Bank Aktiengesellschaft from GBX 310 ($4.10) to GBX 350 ($4.62) in a research note released on Wednesday, Marketbeat.com reports. The firm currently has a buy rating on the home improvement retailer’s stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. reissued an underweight rating on shares of Kingfisher in a research report on Friday, July 12th. Jefferies Financial Group reaffirmed a hold rating and set a GBX 250 ($3.30) target price on shares of Kingfisher in a research note on Friday, July 12th.

Kingfisher Trading Up 0.9 %

KGF stock opened at GBX 329.50 ($4.35) on Wednesday. Kingfisher has a twelve month low of GBX 198.30 ($2.62) and a twelve month high of GBX 333.50 ($4.41). The stock has a market capitalization of £6.03 billion, a price-to-earnings ratio of 1,814.44, a price-to-earnings-growth ratio of 3.04 and a beta of 0.95. The company has a quick ratio of 0.27, a current ratio of 1.29 and a debt-to-equity ratio of 37.49. The firm’s fifty day simple moving average is GBX 276.43 and its two-hundred day simple moving average is GBX 257.52.

Kingfisher Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be issued a dividend of GBX 3.80 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 1.31%. Kingfisher’s payout ratio is 6,666.67%.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.