Zacks Investment Research upgraded shares of Kingfisher (OTCMKTS:KGFHY) from a hold rating to a buy rating in a research note released on Tuesday. 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. “

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KGFHY has been the topic of a number of other research reports. ValuEngine raised Kingfisher from a hold rating to a buy rating in a research report on Friday, December 1st. Jefferies Group raised Kingfisher from a hold rating to a buy rating in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada raised Kingfisher from an underperform rating to a sector perform rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Kingfisher currently has a consensus rating of Buy and an average price target of $11.00.

Shares of Kingfisher (KGFHY) opened at $10.01 on Tuesday. Kingfisher has a 1 year low of $7.58 and a 1 year high of $10.41.

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Kingfisher Company Profile

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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