Zacks Investment Research Upgrades Kingfisher plc (KGFHY) to Hold
Kingfisher plc (NASDAQ:KGFHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
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 brokerages also recently weighed in on KGFHY. BNP Paribas downgraded shares of Kingfisher plc from an “outperform” rating to a “neutral” rating in a report on Friday, September 9th. Beaufort Securities reaffirmed a “hold” rating on shares of Kingfisher plc in a report on Sunday, August 21st. Finally, RBC Capital Markets reaffirmed an “underperform” rating on shares of Kingfisher plc in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $11.00.
Shares of Kingfisher plc (NASDAQ:KGFHY) opened at 9.14 on Thursday. The company’s 50 day moving average is $0.00 and its 200 day moving average is $0.00. Kingfisher plc has a one year low of $7.82 and a one year high of $11.02.
Kingfisher plc Company Profile
Kingfisher plc is a home improvement company. The Company 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.
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