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

Kingfisher PLC (OTCMKTS:KGFHYGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $8.43 and last traded at $8.43, with a volume of 1933 shares traded. The stock had previously closed at $8.36.

Analysts Set New Price Targets

KGFHY has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. Barclays reaffirmed an “underweight” rating on shares of Kingfisher in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft cut Kingfisher from a “hold” rating to a “sell” rating in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada upgraded shares of Kingfisher from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

View Our Latest Analysis on KGFHY

Kingfisher Stock Performance

The firm has a 50 day moving average price of $8.09 and a two-hundred day moving average price of $7.65.

Kingfisher Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, October 13th were paid a dividend of $0.0908 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a yield of 369.0%.

Kingfisher Company Profile

(Get Free Report)

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.

Further Reading

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