Kingfisher plc (KGFHY) Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Kingfisher plc (NASDAQ:KGFHY) from a buy rating to a hold rating in a research report sent to investors on Wednesday, July 12th.
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. “
Several other brokerages have also issued reports on KGFHY. ValuEngine lowered Kingfisher plc from a buy rating to a hold rating in a research note on Friday, June 2nd. HSBC Holdings plc upgraded Kingfisher plc from a hold rating to a buy rating in a research note on Wednesday, May 17th. Finally, Barclays PLC restated an underweight rating on shares of Kingfisher plc in a research note on Thursday, March 30th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $10.00.
Kingfisher plc (NASDAQ:KGFHY) opened at 8.03 on Wednesday. The firm has a market cap of $8.97 billion and a price-to-earnings ratio of 11.47. Kingfisher plc has a 12 month low of $7.71 and a 12 month high of $10.11. The stock has a 50 day moving average price of $7.95 and a 200 day moving average price of $8.39.
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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.
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