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

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

A number of other analysts have also recently issued reports on the company. 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 objective on shares of Kingfisher in a research note on Friday, July 12th.

Kingfisher Price Performance

Shares of 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 1-year low of GBX 198.30 ($2.62) and a 1-year 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 price-to-earnings-growth ratio of 3.61 and a beta of 0.95. The firm has a fifty day moving average price of GBX 279.18 and a 200 day moving average price of GBX 258.88.

Kingfisher Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be given 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 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.