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Pin to quick picksKingfisher Share News (KGF)

Share Price Information for Kingfisher (KGF)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 248.90
Bid: 248.60
Ask: 248.70
Change: 1.90 (0.77%)
Spread: 0.10 (0.04%)
Open: 248.10
High: 249.40
Low: 247.30
Prev. Close: 247.00
KGF Live PriceLast checked at -

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Broker tips: Schroders, Kingfisher, Royal Mail, Thomas Cook

Fri, 06th Mar 2015 11:44

Surging flows into funds at Schroders support the asset manager's premium rating to the sector, according to Berenberg, which hiked its target price for the stock on Friday."Schroders is a best-in-class asset/wealth manager with strongly performing funds and global reach," Berenberg said. The broker raised its target from 2,900p to 3,340p and maintained a 'buy' recommendation for investors following "another excellent set of results".Kingfisher's shares flapped lower on Friday despite analysts at Citigroup raising their price target from 310p to 370p, as the US bank said the DIY retailer's upcoming strategy update is "likely to disappoint".The broker, which kept a 'neutral' recommendation, said: "While some investors may be hoping for the new chief executive to announce a broad space closure programme for B&Q at the results on 31 March, management comments at the first-half results and Kingfisher's cautious approach to date leave us unconvinced that this is imminent."Credit Suisse has trimmed its target price for Royal Mail from 380p to 370p and reiterated an 'underperform' rating, saying that risks are increasing this year for the postal delivery group.In 2015, competition is set to rise with the UK rollout of Whistl, while political risk will grow ahead of the elections in May. Meanwhile, free cash flow yields are "deteriorating", falling from peak yields of 9.4% in the year ended March 2014 to an estimated 6.7% in the year to March 2016. This "represent[s] a fundamentally less attractive offer", Credit Suisse said.After Thomas Cook confirmed that Fosun International, the Chinese conglomerate that recently snapped up Club Med, has invested £92m in newly issued shares for a 5% stake in the UK travel group, Shore Capital maintained its 'hold' stance but hailed the "exciting" potential.The travel group has formed a strategic partnership to accelerate Thomas Cook's existing growth strategy through better access into China and closer co-operation with France's Club Med.The cash proceeds of the investment will be used to be used by Thomas Cook to accelerate strategic investment and reduce leverage, with the company saying its expects the investment to be earnings accretive in 2016, which analysts at Shore Capital suggested at least £10m of additional profit. "Today's announcement might increase investor confidence in Cook's ability to stabilise underlying trading. However, we are likely to need further evidence of an improving trading backdrop before turning more positive," ShoreCap said.
More News
25 Apr 2024 20:30

IN BRIEF: Kingfisher executive sells GBP217,000 worth of shares

Kingfisher PLC - London-based retailer with brands that include B&Q, Screwfix and Castorama - Henri Solere, chief offer and sourcing officer sells 87,432 shares at 249.25 pence each. Worth GBP217,924.

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16 Apr 2024 12:01

CORRECT (Mar 15): Kingfisher promotes Deliveroo chair to be its chair

(Correcting that Claudia Arney is not stepping down as Deliveroo chair but from the board of Derwent London.)

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15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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15 Apr 2024 08:19

TOP NEWS: Kingfisher promotes current Deliveroo chair to be its chair

(Alliance News) - Kingfisher PLC on Monday said Andrew Cosslett will step down as chair in June, after seven years in the role.

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15 Apr 2024 07:49

LONDON BRIEFING: Mitie unveils buyback; Inchcape sells UK retail arm

(Alliance News) - London's FTSE 100 is set to open lower on Monday, in a risk-off start to the week following an escalation in the conflict in the Middle East, with lingering US interest rate worries also hurting enthusiasm.

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15 Apr 2024 07:44

Home improvement retailer Kingfisher names Claudia Arney as new chair

LONDON, April 15 (Reuters) - European home improvement retailer Kingfisher said on Monday that Chair Andrew Cosslett will step down in June after seven years in the role and will be succeeded by non-executive director Claudia Arney.

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15 Apr 2024 07:07

Kingfisher chair to step down in June

(Sharecast News) - B&Q and Screwfix owner Kingfisher has announced that chair Andrew Cosslett will step down after seven years at the helm of the board.

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11 Apr 2024 16:53

LONDON MARKET CLOSE: Dwindling US Fed cut hope unnerves markets

(Alliance News) - Stock prices in London closed lower on Thursday, with a hawkish interest rate outlook for the Federal Reserve and geopolitical tensions hurting investor enthusiasm.

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11 Apr 2024 15:56

London close: Stocks finish lower as ECB stands pat

(Sharecast News) - London's stock markets finished in negative territory on Thursday, as investors reacted to the European Central Bank's latest policy announcement and a producer price index release in the United States.

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11 Apr 2024 09:25

HSBC upgrades Kingfisher to 'buy'

(Sharecast News) - HSBC upgraded B&Q and Castorama owner Kingfisher on Thursday to 'buy' from 'hold' and lifted the price target to 305p from 235p.

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11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

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11 Apr 2024 08:54

LONDON MARKET OPEN: European markets mixed ahead of ECB decision

(Alliance News) - European equities lacked direction early Thursday morning, ahead of an interest rate decision from the European Central Bank this afternoon.

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27 Mar 2024 16:13

EARNINGS AND TRADING: Solid State ups outlook; Quartix trading in line

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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27 Mar 2024 09:40

LONDON BROKER RATINGS: Sainsbury's, Petershill Partners upped to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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