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

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

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

Kingfisher Trading Down 2.7 %

KGF opened at GBX 322.80 ($4.26) on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 37.01. Kingfisher has a 52 week low of GBX 198.30 ($2.62) and a 52 week high of GBX 333.50 ($4.41). The stock has a market cap of £5.91 billion, a PE ratio of 1,793.33, a PEG ratio of 3.61 and a beta of 0.95. The business has a 50 day moving average of GBX 279.18 and a 200-day moving average of GBX 258.88.

Kingfisher Cuts Dividend

The business 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.