Zacks Investment Research Upgrades Kingfisher (OTCMKTS:KGFHY) to Hold

Kingfisher (OTCMKTS:KGFHYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

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. “

Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group reduced their price target on shares of Kingfisher from GBX 425 ($5.35) to GBX 375 ($4.72) in a research report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft raised shares of Kingfisher from a “hold” rating to a “buy” rating in a research report on Monday, April 4th. Societe Generale cut shares of Kingfisher from a “hold” rating to a “sell” rating in a research report on Wednesday, February 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kingfisher from GBX 255 ($3.21) to GBX 245 ($3.08) in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $210.00.

Shares of KGFHY stock remained flat at $$6.72 on Friday. 179,921 shares of the company were exchanged, compared to its average volume of 228,768. The company’s fifty day moving average price is $6.54 and its 200 day moving average price is $7.92. Kingfisher has a 12-month low of $5.76 and a 12-month high of $10.47.

Kingfisher Company Profile (Get Rating)

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing and franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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