Kingfisher (OTCMKTS:KGFHY) Sets New 52-Week High – Here’s Why

Kingfisher PLC (OTCMKTS:KGFHY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $8.47 and last traded at $8.4480, with a volume of 7512 shares. The stock had previously closed at $8.41.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KGFHY. Barclays restated an “underweight” rating on shares of Kingfisher in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher from a “hold” rating to a “sell” rating in a report on Wednesday, December 10th. Royal Bank Of Canada raised shares of Kingfisher from a “hold” rating to a “moderate buy” rating in a report on Friday, October 24th. Finally, UBS Group reissued a “neutral” rating on shares of Kingfisher in a research note on Wednesday, December 10th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Kingfisher presently has a consensus rating of “Reduce”.

Kingfisher Stock Performance

The company has a 50-day moving average of $8.11 and a 200-day moving average of $7.68.

Kingfisher Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, October 13th were given a $0.0908 dividend. This represents a dividend yield of 369.0%. The ex-dividend date of this dividend was Friday, October 10th.

Kingfisher Company Profile

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.