Kingfisher (OTCMKTS:KGFHY) Shares Gap Up – Here’s Why

Shares of Kingfisher PLC (OTCMKTS:KGFHY) gapped up prior to trading on Tuesday . The stock had previously closed at $8.30, but opened at $9.07. Kingfisher shares last traded at $9.11, with a volume of 47,965 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Kingfisher from a “sell” rating to a “hold” rating in a report on Thursday, September 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kingfisher presently has a consensus rating of “Hold”.

Kingfisher Stock Performance

The company has a quick ratio of 0.27, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $8.34 and a 200-day simple moving average of $8.01.

Kingfisher Company Profile

Kingfisher plc is a home improvement retailer headquartered in the United Kingdom. The company sells do-it-yourself, home renovation, and trade products through a portfolio of retail banners, serving consumers and professional customers with merchandise such as building materials, hardware, tools, paint, garden supplies, kitchens, bathrooms, and related services.

Its principal brands include B&Q and Screwfix in the United Kingdom and Ireland, as well as Castorama and Brico Dépôt in France.