Kingfisher (OTCMKTS:KGFHY) Reaches New 52-Week High – Here’s Why

Shares of Kingfisher PLC (OTCMKTS:KGFHY) hit a new 52-week high during trading on Monday . The company traded as high as $9.37 and last traded at $9.3645, with a volume of 9687 shares changing hands. The stock had previously closed at $9.18.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada upgraded shares of Kingfisher from a “hold” rating to a “moderate buy” rating in a research report on Friday, October 24th. UBS Group reissued a “neutral” rating on shares of Kingfisher in a research note on Wednesday, December 10th. Barclays reaffirmed an “underweight” rating on shares of Kingfisher in a research note on Tuesday, December 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded Kingfisher from a “hold” rating to a “sell” rating in a research report on Wednesday, December 10th. One equities 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 stock. According to data from MarketBeat, Kingfisher has a consensus rating of “Reduce”.

Kingfisher Stock Performance

The stock’s 50 day moving average price is $8.43 and its 200-day moving average price is $7.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.28.

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.