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

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

KGF has been the subject of a number of other research reports. JPMorgan Chase & Co. reissued an underweight rating on shares of Kingfisher in a report on Friday, July 12th. Jefferies Financial Group reiterated a hold rating and issued a GBX 250 ($3.30) price objective on shares of Kingfisher in a research note on Friday, July 12th.

Kingfisher Stock Down 2.7 %

KGF opened at GBX 322.80 ($4.26) on Wednesday. The company has a debt-to-equity ratio of 37.01, a current ratio of 1.26 and a quick ratio of 0.27. 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 market capitalization of £5.91 billion, a P/E ratio of 1,793.33, a P/E/G ratio of 3.61 and a beta of 0.95. The business has a 50 day simple moving average of GBX 279.18 and a 200-day simple moving average of GBX 258.88.

Kingfisher Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be issued a GBX 3.80 ($0.05) dividend. This represents a yield of 1.31%. The ex-dividend date is Thursday, October 10th. Kingfisher’s dividend payout ratio (DPR) is 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.