Kingfisher (OTCMKTS:KGFHY) Reaches New 12-Month High – Still a Buy?

Kingfisher PLC (OTCMKTS:KGFHY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.95 and last traded at $9.95, with a volume of 7140 shares traded. The stock had previously closed at $9.93.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut Kingfisher from a “hold” rating to a “sell” rating in a research report on Wednesday, December 10th. UBS Group reaffirmed a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. Finally, Barclays reiterated an “underweight” rating on shares of Kingfisher in a research report on Tuesday, December 9th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Kingfisher Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.28 and a quick ratio of 0.33. The company has a 50-day moving average price of $8.95 and a two-hundred day moving average price of $8.14.

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.