Kingfisher (OTCMKTS:KGFHY) Trading Up 10.2% – Still a Buy?

Shares of Kingfisher PLC (OTCMKTS:KGFHYGet Free Report) shot up 10.2% on Wednesday . The stock traded as high as $9.23 and last traded at $9.15. Approximately 6,970 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 136,361 shares. The stock had previously closed at $8.30.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on Kingfisher

Kingfisher Price Performance

The company has a current ratio of 1.21, a quick ratio of 0.27 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $8.38 and a 200-day simple moving average of $8.01.

Kingfisher Company Profile

(Get Free Report)

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.

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