Zacks Investment Research Lowers Kingfisher (KGFHY) to Hold
Kingfisher (OTCMKTS:KGFHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
Several other brokerages have also recently issued reports on KGFHY. ValuEngine raised Kingfisher from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Goldman Sachs Group raised Kingfisher from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Jefferies Group raised Kingfisher from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Finally, Royal Bank of Canada raised Kingfisher from an “underperform” rating to a “sector perform” rating in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.50.
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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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