Kingfisher (OTCMKTS:KGFHY) Sets New 1-Year High – Still a Buy?

Shares of Kingfisher PLC (OTCMKTS:KGFHY) hit a new 52-week high during trading on Tuesday . The company traded as high as $9.66 and last traded at $9.62, with a volume of 7719 shares traded. The stock had previously closed at $9.51.

Wall Street Analyst Weigh In

A number of research firms have commented on KGFHY. Royal Bank Of Canada upgraded Kingfisher from a “hold” rating to a “moderate buy” rating in a research report on Friday, October 24th. Barclays restated an “underweight” rating on shares of Kingfisher in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher from a “hold” rating to a “sell” rating in a research note on Wednesday, December 10th. Finally, UBS Group reissued a “neutral” rating on shares of Kingfisher in a research note on Wednesday, December 10th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Kingfisher Stock Up 0.9%

The firm’s fifty day moving average price is $8.59 and its 200-day moving average price is $7.94. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.28 and a quick ratio of 0.33.

About Kingfisher

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.