Kingfisher plc (KGFHY) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of Kingfisher plc (NASDAQ:KGFHY) from a sell rating to a buy rating in a report published on Wednesday morning. The brokerage currently has $11.00 target price 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. “
A number of other equities research analysts have also recently weighed in on KGFHY. Beaufort Securities restated a hold rating on shares of Kingfisher plc in a research note on Sunday, August 21st. Jefferies Group cut Kingfisher plc from a buy rating to a hold rating in a research note on Tuesday, July 5th. RBC Capital Markets reiterated an underperform rating on shares of Kingfisher plc in a research note on Monday, August 1st. Societe Generale reiterated a hold rating on shares of Kingfisher plc in a research note on Tuesday, June 28th. Finally, BNP Paribas cut Kingfisher plc from an outperform rating to a neutral rating in a research note on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Kingfisher plc currently has an average rating of Hold and a consensus price target of $11.00.
Shares of Kingfisher plc (NASDAQ:KGFHY) traded down 1.04% during midday trading on Wednesday, hitting $9.52. 137,327 shares of the stock were exchanged. Kingfisher plc has a 52-week low of $7.82 and a 52-week high of $11.36. The stock has a market cap of $10.81 billion and a P/E ratio of 20.08. The firm’s 50 day moving average price is $9.77 and its 200-day moving average price is $9.88.
About Kingfisher plc
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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