Kingfisher plc (NASDAQ:KGFHY) Given Average Recommendation of “Hold” by Brokerages
Shares of Kingfisher plc (NASDAQ:KGFHY) have been given an average recommendation of “Hold” by the eight brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $11.00.
KGFHY has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Kingfisher plc from a “sell” rating to a “buy” rating and set a $11.00 target price for the company in a report on Wednesday, October 5th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Kingfisher plc in a report on Monday, June 27th. Beaufort Securities restated a “hold” rating on shares of Kingfisher plc in a report on Sunday, August 21st. Jefferies Group downgraded shares of Kingfisher plc from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Citigroup Inc. downgraded shares of Kingfisher plc from a “neutral” rating to a “sell” rating in a report on Tuesday, June 28th.
Kingfisher plc (NASDAQ:KGFHY) traded down 1.28% during trading on Monday, reaching $9.26. 554,406 shares of the company were exchanged. The firm has a market capitalization of $10.51 billion and a PE ratio of 19.79. Kingfisher plc has a 12 month low of $7.82 and a 12 month high of $11.36. The stock has a 50 day moving average price of $9.76 and a 200 day moving average price of $9.88.
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About Kingfisher plc
Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International. The Other International segment consists of the operations in Poland, China, Germany, Portugal, Romania, Russia and Spain, and of its joint venture with Koc Group, Koctas, a Turkey-based home improvement retailer.
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