Kingfisher (KGFHY) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research downgraded shares of Kingfisher (OTCMKTS:KGFHY) from a buy rating to a hold rating in a research report report published on Wednesday morning.
According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher operates 780 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. “
Several other brokerages have also recently weighed in on KGFHY. Goldman Sachs Group raised Kingfisher from a neutral rating to a buy rating in a research note on Monday, October 30th. ValuEngine raised Kingfisher from a hold rating to a buy rating in a research note on Friday, October 27th. Royal Bank of Canada raised Kingfisher from an underperform rating to a sector perform rating in a research note on Friday, November 17th. Finally, Jefferies Group raised Kingfisher from a hold rating to a buy rating in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $11.00.
Kingfisher (OTCMKTS:KGFHY) traded up $0.03 on Wednesday, hitting $9.71. The stock had a trading volume of 48,942 shares, compared to its average volume of 90,279. Kingfisher has a 52-week low of $7.58 and a 52-week high of $9.76.
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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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