Kingfisher plc (KGFHY) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Kingfisher plc (NASDAQ:KGFHY) from a sell rating to a buy rating in a research note published on Wednesday. Zacks Investment Research currently has $11.00 price target on the stock.
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. “
KGFHY has been the subject of a number of other reports. Goldman Sachs Group Inc. restated a neutral rating on shares of Kingfisher plc in a report on Monday, June 27th. Beaufort Securities reiterated a hold rating on shares of Kingfisher plc in a research note on Sunday, August 21st. Jefferies Group lowered shares of Kingfisher plc from a buy rating to a hold rating in a research note on Tuesday, July 5th. Citigroup Inc. lowered shares of Kingfisher plc from a neutral rating to a sell rating in a research note on Tuesday, June 28th. Finally, BNP Paribas lowered shares of Kingfisher plc from an outperform rating to a neutral rating in a research note on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $11.00.
Shares of Kingfisher plc (NASDAQ:KGFHY) traded down 1.397% during midday trading on Wednesday, hitting $9.249. The company had a trading volume of 11,827 shares. The stock has a 50 day moving average price of $9.77 and a 200 day moving average price of $9.88. Kingfisher plc has a 1-year low of $7.82 and a 1-year high of $11.36. The firm has a market capitalization of $10.50 billion and a P/E ratio of 19.763.
Kingfisher plc Company Profile
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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