Kingfisher PLC (OTCMKTS:KGFHY) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Kingfisher PLC (OTCMKTS:KGFHY) have been assigned an average recommendation of “Reduce” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company.

Several research analysts have recently weighed in on KGFHY shares. Royal Bank Of Canada upgraded shares of Kingfisher from a “hold” rating to a “moderate buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher from a “buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, UBS Group started coverage on shares of Kingfisher in a research note on Monday, July 28th. They issued a “neutral” rating for the company.

Kingfisher Stock Performance

Shares of KGFHY stock opened at $8.30 on Friday. The firm has a fifty day simple moving average of $7.50 and a 200-day simple moving average of $7.52. Kingfisher has a twelve month low of $5.47 and a twelve month high of $8.42.

Kingfisher Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, October 13th will be issued a $0.0908 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a yield of 369.0%.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.