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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: 261.60
Bid: 261.20
Ask: 261.40
Change: -7.40 (-2.75%)
Spread: 0.20 (0.077%)
Open: 261.60
High: 262.00
Low: 257.60
Prev. Close: 269.00
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
15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

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15 Feb 2024 09:45

LONDON BROKER RATINGS: Jefferies cuts Kingfisher but Citi raises

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

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15 Feb 2024 07:56

LONDON BRIEFING: Relx optimistic; BHP to book USD6 billion hit

(Alliance News) - Equity prices in London are called to open higher on Thursday, overlooking a poor reading of the UK economy and clinging onto Bank of England interest rate optimism following Wednesday's softer-than-expected inflation reading.

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15 Feb 2024 07:22

Citi upgrades Kingfisher to 'buy' from 'neutral'

(Sharecast News) - Citi upgraded B&Q and Castorama owner Kingfisher on Thursday to 'buy' from 'neutral' as it argued the UK housing recovery supports a re-rating.

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5 Feb 2024 16:22

London close: Stocks turn lower on renewed interest rate concerns

(Sharecast News) - London's financial markets had turned negative by the close of trading on Monday, after better-than-expected UK services data was offset by a downward revision in service activity in the United States.

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5 Feb 2024 07:17

JPM puts Kingfisher on 'negative catalyst watch', cuts price target

(Sharecast News) - JPMorgan Cazenove cut its price target on Kingfisher on Monday to 180p from 190p as it placed the shares on 'negative catalyst watch' ahead of full-year results on 25 March.

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1 Feb 2024 09:15

TOP NEWS: AG Barr hires former Saga and Superdry chief as new CEO

(Alliance News) - AG Barr PLC on Thursday announced Euan Sutherland as its next chief executive officer, while also reporting a 26% rise in revenue in its just-completed financial year.

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29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

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29 Jan 2024 14:15

Broker tips: Kingfisher, Rotork, IMI, Intertek

(Sharecast News) - RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to 'sector perform' from 'outperform'.

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29 Jan 2024 09:12

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

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

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29 Jan 2024 08:13

RBC Capital downgrades B&Q and Castorama owner Kingfisher

(Sharecast News) - RBC Capital Markets downgraded B&Q and Castorama owner Kingfisher on Monday to 'sector perform' from 'outperform'.

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29 Jan 2024 07:43

LONDON BRIEFING: Superdry looks at saving costs; Ferrexpo loses case

(Alliance News) - Stocks in London are expected to start the week on a cautious note, as investors nervously look ahead to two key interest rate decisions.

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11 Jan 2024 08:43

IN BRIEF: Kingfisher completes GBP50 million in share buybacks

Kingfisher PLC - London-based owner of B&Q, Screwfix and Castorama home-improvement stores - Completes first tranche of GBP300 million share buyback announced back in September. Buys 22.8 million shares for GBP50 million in total in the tranche, completing it by purchasing 335,726 shares at an average price of 223.95 pence on Wednesday. Kingfisher says details on the second tranche of the buyback programme will be announced "in due course". The repurchased shares will be cancelled.

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14 Dec 2023 12:14

LONDON MARKET MIDDAY: Stocks up as BoE follows in footsteps of Fed

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England followed in the US Federal Reserve's footsteps and left interest rates unchanged.

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29 Nov 2023 09:51

LONDON BROKER RATINGS: JPMorgan cuts Diageo to neutral from overweight

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

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