Citigroup Inc Reiterates “Sell” Rating for Kingfisher plc (KGF)

Citigroup Inc reaffirmed their sell rating on shares of Kingfisher plc (LON:KGF) in a research note issued to investors on Thursday morning.

KGF has been the subject of a number of other research reports. Jefferies Group LLC decreased their price target on shares of Kingfisher plc from GBX 335 ($4.22) to GBX 325 ($4.09) and set a hold rating for the company in a research report on Tuesday, February 7th. Haitong Bank reissued a sell rating and set a GBX 270 ($3.40) price target on shares of Kingfisher plc in a research report on Tuesday, January 3rd. Deutsche Bank AG reissued a hold rating and set a GBX 370 ($4.66) price target on shares of Kingfisher plc in a research report on Tuesday, January 3rd. JPMorgan Chase & Co. raised their price target on shares of Kingfisher plc from GBX 280 ($3.52) to GBX 288 ($3.62) and gave the stock an underweight rating in a research report on Tuesday, March 14th. Finally, HSBC Holdings plc reissued a hold rating and set a GBX 380 ($4.78) price target on shares of Kingfisher plc in a research report on Tuesday, January 3rd. Ten research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 325 ($4.09).

Shares of Kingfisher plc (LON:KGF) traded down 1.94% during trading on Thursday, reaching GBX 329.20. 13,742,146 shares of the company’s stock were exchanged. Kingfisher plc has a 12-month low of GBX 269.60 and a 12-month high of GBX 390.60. The company has a 50 day moving average of GBX 330.46 and a 200 day moving average of GBX 344.60. The stock’s market cap is GBX 7.38 billion.

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The business also recently disclosed a dividend, which will be paid on Monday, June 19th. Investors of record on Thursday, May 4th will be paid a dividend of GBX 7.15 ($0.09) per share. This is a boost from Kingfisher plc’s previous dividend of $3.25. This represents a dividend yield of 2.18%. The ex-dividend date is Thursday, May 4th.

About Kingfisher plc

Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.

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