Kingfisher (LON:KGF) Price Target Increased to GBX 350 by Analysts at Deutsche Bank Aktiengesellschaft

Kingfisher (LON:KGF) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 310 ($4.10) to GBX 350 ($4.62) in a research report released on Wednesday, MarketBeat reports. They currently have a buy rating on the home improvement retailer’s stock.

Several other research firms also recently commented on KGF. JPMorgan Chase & Co. reiterated an underweight rating on shares of Kingfisher in a report on Friday, July 12th. Jefferies Financial Group reaffirmed a hold rating and set a GBX 250 ($3.30) price target on shares of Kingfisher in a report on Friday, July 12th.

Kingfisher Stock Down 2.7 %

Kingfisher stock opened at GBX 322.80 ($4.26) on Wednesday. Kingfisher has a 12 month low of GBX 198.30 ($2.62) and a 12 month high of GBX 333.50 ($4.41). The stock has a fifty day simple moving average of GBX 279.18 and a two-hundred day simple moving average of GBX 258.88. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 37.01. The firm has a market cap of £5.91 billion, a price-to-earnings ratio of 1,793.33, a PEG ratio of 3.61 and a beta of 0.95.

Kingfisher Cuts Dividend

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

About Kingfisher

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.