According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher operates 780 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. “
A number of other equities research analysts also recently commented on KGFHY. Morgan Stanley reaffirmed an equal weight rating on shares of KINGFISHER PLC/SH in a report on Monday, April 1st. Credit Suisse Group downgraded KINGFISHER PLC/SH from an outperform rating to a neutral rating in a report on Friday, March 22nd. HSBC reaffirmed a reduce rating on shares of KINGFISHER PLC/SH in a report on Tuesday, March 26th. Finally, Societe Generale reaffirmed a sell rating on shares of KINGFISHER PLC/SH in a report on Tuesday, April 9th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. KINGFISHER PLC/SH presently has an average rating of Hold and an average target price of $7.00.
The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 18th. Investors of record on Friday, June 7th will be issued a dividend of $0.178 per share. This is an increase from KINGFISHER PLC/SH’s previous Semi-Annual dividend of $0.08. The ex-dividend date of this dividend is Thursday, June 6th. KINGFISHER PLC/SH’s payout ratio is 23.44%.
KINGFISHER PLC/SH Company Profile
Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.
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