Kingfisher (OTCMKTS:KGFHY) Hits New 52-Week High – Time to Buy?

Kingfisher PLC (OTCMKTS:KGFHYGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $8.43 and last traded at $8.43, with a volume of 1933 shares. The stock had previously closed at $8.36.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays reaffirmed an “underweight” rating on shares of Kingfisher in a research report on Tuesday, December 9th. Royal Bank Of Canada upgraded Kingfisher from a “hold” rating to a “moderate buy” rating in a report on Friday, October 24th. UBS Group restated a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher from a “hold” rating to a “sell” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Check Out Our Latest Research Report on Kingfisher

Kingfisher Trading Up 0.8%

The firm’s 50-day moving average is $8.09 and its two-hundred day moving average is $7.65.

Kingfisher Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, October 13th were paid a dividend of $0.0908 per share. This represents a dividend yield of 369.0%. The ex-dividend date was Friday, October 10th.

Kingfisher Company Profile

(Get Free Report)

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.

Further Reading

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