Kingfisher (OTCMKTS:KGFHY) Sets New 12-Month High – Should You Buy?

Kingfisher PLC (OTCMKTS:KGFHY) reached a new 52-week high on Wednesday. The stock traded as high as $10.1850 and last traded at $10.1850, with a volume of 57,555 shares. The stock had previously closed at $9.70.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Investec lowered Kingfisher to a “hold” rating in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kingfisher in a research note on Friday, October 2nd. Four analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kingfisher Trading Up 5.4%

The company has a quick ratio of 0.28, a current ratio of 1.23 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $8.74 and its 200-day moving average is $8.39.

About Kingfisher

Kingfisher plc is a home improvement retailer headquartered in the United Kingdom. The company sells do-it-yourself, home renovation, repair, decorating, building, and garden products through stores and digital channels, serving both household consumers and trade professionals.

Its principal retail brands include B&Q and Screwfix in the United Kingdom and Ireland, as well as Castorama and Brico Dépôt in France, Poland, and Romania. The company offers products such as tools, hardware, building materials, paint, plumbing and electrical supplies, kitchens, bathrooms, outdoor living products, and garden equipment.