Kingfisher plc (KGF) Trading Down 0.2% After Insider Selling

Kingfisher plc (LON:KGF) shares dropped 0.2% during mid-day trading on Thursday following insider selling activity. The stock traded as low as GBX 310.30 ($4.09) and last traded at GBX 312.60 ($4.13). Approximately 8,586,190 shares were traded during trading, a decline of 11% from the average daily volume of 9,657,740 shares. The stock had previously closed at GBX 313.20 ($4.13).

Specifically, insider Veronique Laury sold 2,294 shares of Kingfisher plc stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of GBX 303 ($4.00), for a total value of £6,950.82 ($9,172.37). Also, insider Andrew Cosslett bought 99,802 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was acquired at an average price of GBX 301 ($3.97) per share, for a total transaction of £300,404.02 ($396,415.97). In the last quarter, insiders acquired 99,952 shares of company stock worth $30,085,421.

KGF has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Kingfisher plc to an “overweight” rating and lifted their target price for the company from GBX 290 ($3.83) to GBX 380 ($5.01) in a research report on Wednesday, July 12th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 288 ($3.80) target price on shares of Kingfisher plc in a research report on Friday, October 6th. HSBC Holdings plc reiterated a “buy” rating and issued a GBX 440 ($5.81) target price on shares of Kingfisher plc in a research report on Friday, July 21st. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 410 ($5.41) target price on shares of Kingfisher plc in a research report on Friday, September 1st. Finally, Barclays PLC reiterated an “underweight” rating and issued a GBX 300 ($3.96) target price on shares of Kingfisher plc in a research report on Friday, August 11th. Seven analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 321.86 ($4.25).

The company’s 50 day moving average is GBX 300.26 and its 200 day moving average is GBX 311.86. The company’s market cap is GBX 6.93 billion.

The business also recently declared a dividend, which will be paid on Friday, November 10th. Investors of record on Thursday, October 5th will be given a dividend of GBX 3.33 ($0.04) per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a yield of 1.12%.

ILLEGAL ACTIVITY NOTICE: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.dispatchtribunal.com/2017/10/26/kingfisher-plc-kgf-trading-down-0-2-after-insider-selling.html.

Kingfisher plc Company Profile

Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.

Receive News & Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply