Kingfisher (OTCMKTS:KGFHY) Shares Gap Up – Here’s What Happened

Shares of Kingfisher PLC (OTCMKTS:KGFHY) gapped up before the market opened on Friday. The stock had previously closed at $8.76, but opened at $9.24. Kingfisher shares last traded at $9.27, with a volume of 2,061 shares.

Analysts Set New Price Targets

A number of brokerages have commented on KGFHY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kingfisher in a report on Friday, October 2nd. Investec lowered Kingfisher to a “hold” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Kingfisher Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.23 and a quick ratio of 0.27. The firm has a 50-day moving average of $8.58 and a 200 day moving average of $8.08.

Kingfisher Company Profile

Kingfisher plc is a multinational home improvement retailer headquartered in the United Kingdom. The company sells products for home renovation, maintenance, repair, and do-it-yourself projects, including building materials, hardware, tools, decorating supplies, kitchens, bathrooms, garden products, and related services. Its retail operations serve both household customers and professional tradespeople through stores and digital channels.

Kingfisher operates several well-known retail banners, including B&Q and Screwfix in the United Kingdom and Ireland, Castorama in France and Poland, and Brico Dépôt in France, Poland, and Romania.