KINGFISHER PLC/SH (KGFHY) Upgraded to Hold by Zacks Investment Research
Zacks Investment Research upgraded shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading market positions in the UK, France, Poland, Italy, Turkey, China. Kingfisher operates 780 stores in nine countries in Europe and Asia. Its main retail brands are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. “
Separately, Goldman Sachs Group downgraded shares of KINGFISHER PLC/SH from a buy rating to a neutral rating in a research note on Thursday, November 22nd.
The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 14th. Stockholders of record on Friday, October 5th were paid a $0.075 dividend. The ex-dividend date was Thursday, October 4th. KINGFISHER PLC/SH’s payout ratio is 22.73%.
About KINGFISHER PLC/SH
Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.
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