Kingfisher plc (NASDAQ:KGFHY) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Kingfisher plc from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Tuesday, August 8th. HSBC Holdings plc upgraded Kingfisher plc from a “hold” rating to a “buy” rating in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.00.

Kingfisher plc (KGFHY) traded down 0.52% during midday trading on Friday, reaching $7.71. The company had a trading volume of 62,455 shares. The stock’s 50 day moving average is $7.89 and its 200 day moving average is $8.29. The firm has a market capitalization of $8.61 billion and a price-to-earnings ratio of 11.11. Kingfisher plc has a 12-month low of $7.58 and a 12-month high of $10.11.

ILLEGAL ACTIVITY WARNING: “Kingfisher plc (KGFHY) Downgraded by ValuEngine” was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.watchlistnews.com/kingfisher-plc-kgfhy-downgraded-by-valuengine/1537005.html.

About Kingfisher plc

Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.

Receive News & Ratings for Kingfisher plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher plc and related companies with Analyst Ratings Network's FREE daily email newsletter.