Kingfisher plc Downgraded by Citigroup Inc. to “Neutral” (KGFHY)
Kingfisher plc (NASDAQ:KGFHY) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
KGFHY has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Kingfisher plc in a research note on Friday, May 30th. Separately, analysts at Barclays downgraded shares of Kingfisher plc to an “equal weight” rating in a research note on Friday, May 30th. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “sell” rating on shares of Kingfisher plc in a research note on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Kingfisher plc has a consensus rating of “Hold”.
Shares of Kingfisher plc (NASDAQ:KGFHY) opened at 10.46 on Friday. Kingfisher plc has a one year low of $10.43 and a one year high of $14.85. The stock’s 50-day moving average is $12.06 and its 200-day moving average is $13.0. The company has a market cap of $12.374 billion and a price-to-earnings ratio of 10.50.
Kingfisher plc is a home improvement retailer. The Company, through its subsidiaries, joint ventures and associates supply home improvement products and services through a network of retail stores and other channels, located in the United Kingdom, continental Europe and China.
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