HSBC Holdings plc Upgrades Kingfisher plc (KGFHY) to “Buy”
Kingfisher plc (NASDAQ:KGFHY) was upgraded by research analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
A number of other equities research analysts have also recently issued reports on KGFHY. Zacks Investment Research upgraded Kingfisher plc from a “sell” rating to a “hold” rating and set a $10.00 price objective on the stock in a research note on Thursday, May 11th. Barclays PLC reiterated an “underweight” rating on shares of Kingfisher plc in a research note on Thursday, March 30th. Finally, BNP Paribas cut Kingfisher plc from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 25th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $10.00.
Kingfisher plc (NASDAQ:KGFHY) opened at 9.73 on Wednesday. Kingfisher plc has a 52-week low of $7.82 and a 52-week high of $11.02. The company has a market cap of $10.87 billion and a price-to-earnings ratio of 14.02. The stock has a 50 day moving average of $8.69 and a 200-day moving average of $8.63.
WARNING: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/05/19/hsbc-holdings-plc-upgrades-kingfisher-plc-kgfhy-to-buy.html.
Kingfisher plc 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.
Receive News & Stock Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related stocks with our FREE daily email newsletter.