Kingfisher plc (KGFHY) Downgraded by ValuEngine
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.
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.
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