Kingfisher (KGFHY) Upgraded to “Buy” at ValuEngine
ValuEngine upgraded shares of Kingfisher (OTCMKTS:KGFHY) from a hold rating to a buy rating in a research note published on Friday.
Several other brokerages have also weighed in on KGFHY. Zacks Investment Research raised Kingfisher from a hold rating to a buy rating and set a $9.00 price objective for the company in a report on Tuesday, August 8th. Goldman Sachs Group raised Kingfisher from a neutral rating to a buy rating in a report on Monday, October 30th. Royal Bank Of Canada raised Kingfisher from an underperform rating to a sector perform rating in a report on Friday, November 17th. Finally, Jefferies Group raised Kingfisher from a hold rating to a buy rating in a report on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Kingfisher currently has a consensus rating of Hold and an average price target of $9.50.
Shares of Kingfisher (OTCMKTS:KGFHY) traded down $0.10 during midday trading on Friday, reaching $9.04. The company’s stock had a trading volume of 101,487 shares, compared to its average volume of 510,796. Kingfisher has a 1-year low of $7.58 and a 1-year high of $9.76.
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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