Kingfisher PLC (OTCMKTS:KGFHY) Receives Average Recommendation of “Reduce” from Analysts

Shares of Kingfisher PLC (OTCMKTS:KGFHY) have received a consensus rating of “Reduce” from the six ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several brokerages recently commented on KGFHY. UBS Group began coverage on shares of Kingfisher in a research note on Monday, July 28th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher from a “buy” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Royal Bank Of Canada raised Kingfisher from a “hold” rating to a “moderate buy” rating in a report on Friday, October 24th.

Kingfisher Price Performance

Shares of OTCMKTS KGFHY opened at $7.68 on Wednesday. Kingfisher has a 12 month low of $5.47 and a 12 month high of $8.42. The stock has a 50-day moving average price of $7.81 and a two-hundred day moving average price of $7.62.

Kingfisher Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, October 13th will be given a $0.0908 dividend. The ex-dividend date 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.