Kingfisher plc (NASDAQ:KGFHY) Raised to “Buy” at Zacks Investment Research
Kingfisher plc (NASDAQ:KGFHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $9.00 price target on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.39% from the stock’s current price.
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. “
Several other equities research analysts also recently issued reports on KGFHY. HSBC Holdings plc upgraded shares of Kingfisher plc from a “hold” rating to a “buy” rating in a research note on Wednesday, May 17th. ValuEngine downgraded shares of Kingfisher plc from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $9.00.
Kingfisher plc (KGFHY) traded up 0.62% during midday trading on Tuesday, reaching $8.08. 105,448 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $7.96 and its 200 day moving average is $8.39. Kingfisher plc has a 52 week low of $7.71 and a 52 week high of $10.11. The firm has a market capitalization of $9.02 billion and a P/E ratio of 11.54.
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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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