Kingfisher plc (KGFHY) Downgraded by Zacks Investment Research
Kingfisher plc (NASDAQ:KGFHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher operates 780 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. “
A number of other analysts have also commented on KGFHY. HSBC Holdings plc raised shares of Kingfisher plc from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Barclays PLC reissued an “underweight” rating on shares of Kingfisher plc in a research report on Thursday, March 30th. Finally, ValuEngine raised shares of Kingfisher plc from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.00.
Kingfisher plc (NASDAQ KGFHY) traded up 1.51% on Tuesday, hitting $8.05. The firm’s 50 day moving average price is $8.07 and its 200 day moving average price is $8.43. The stock has a market capitalization of $8.99 billion and a price-to-earnings ratio of 11.47. Kingfisher plc has a 52 week low of $7.71 and a 52 week high of $10.11.
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About Kingfisher plc
Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
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