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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
Get Live Data
Share Price: 260.50
Bid: 260.40
Ask: 260.60
Change: -8.50 (-3.16%)
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
6 Mar 2023 11:42

Jefferies upgrades Tesco, Kingfisher

(Sharecast News) - Jefferies has upgraded Tesco and Kingfisher, as part of a wider review of its UK retailer ratings.

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6 Mar 2023 09:48

LONDON BROKER RATINGS: DB cuts Reckitt; Jefferies likes Tesco

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

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2 Mar 2023 09:48

LONDON BROKER RATINGS: Numis cuts BT to 'sell'; Citigroup cuts Babcock

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

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21 Feb 2023 10:17

LONDON BROKER RATINGS: BoA cuts DS Smith; Jefferies likes JTC

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

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3 Feb 2023 09:28

LONDON BROKER RATINGS: Deutsche Bank raises B&M; Barclays cuts IWG

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

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3 Feb 2023 09:14

Deutsche Bank upgrades B&M, downgrades Kingfisher

(Sharecast News) - Deutsche Bank adjusted its ratings on a number of retailers on Friday, as it noted that the European general retail sector ended 2022 on a "surprisingly good" note.

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31 Jan 2023 09:26

LONDON BROKER RATINGS: Barclays cuts Relx; Jefferies raises Team17

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

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20 Jan 2023 08:37

TOP NEWS: Land Securities taps former Kingfisher CEO Cheshire as chair

(Alliance News) - Land Securities PLC on Friday said it appointed Ian Cheshire as chair to take over from Cressida Hogg in May.

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2 Dec 2022 13:20

Deutsche Bank slightly lowers target price on Kingfisher

(Sharecast News) - Analysts at Deutsche Bank slightly lowered their target price on home improvement retailer Kingfisher from 280.0p to 275.0p on Friday, stating the stock was "swimming against the tide".

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2 Dec 2022 09:38

LONDON BROKER RATINGS: Jefferies raises AJ Bell to 'buy' from 'hold'

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

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29 Nov 2022 09:54

LONDON BROKER RATINGS: UBS raises Spirax-Sarco and cuts Halma

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

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25 Nov 2022 09:34

LONDON BROKER RATINGS: UBS cuts Man; RBC prefers Lloyds to NatWest

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

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24 Nov 2022 17:08

FTSE 100 ends flat as ex-dividend trades weigh; Dr. Martens slumps on margin warning

Intertek gains on strong revenue growth

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24 Nov 2022 17:08

LONDON MARKET CLOSE: FTSE 100 subdued; sterling soars after dovish Fed

(Alliance News) - Stocks in London edged into the green at the close on Thursday, while the pound pushed past the USD1.21 mark following dovish meeting minutes from the US Federal Reserve.

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24 Nov 2022 12:13

LONDON MARKET MIDDAY: FTSE 100 underperforms; pound continues climb

(Alliance News) - The FTSE 100 index edged into the green by midday on Thursday, while London mid- and small-caps continued to outperform a bit.

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