Kingfisher (OTCMKTS:KGFHY) Sets New 1-Year High – Still a Buy?

Shares of Kingfisher PLC (OTCMKTS:KGFHY) hit a new 52-week high during trading on Wednesday . The company traded as high as $8.43 and last traded at $8.43, with a volume of 1933 shares traded. The stock had previously closed at $8.36.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher from a “hold” rating to a “sell” rating in a report on Wednesday, December 10th. Royal Bank Of Canada raised Kingfisher from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 24th. Barclays restated an “underweight” rating on shares of Kingfisher in a research report on Tuesday, December 9th. Finally, UBS Group reiterated a “neutral” rating on shares of Kingfisher in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Kingfisher Stock Up 0.2%

The stock has a 50 day moving average price of $8.10 and a two-hundred day moving average price of $7.66.

Kingfisher Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, October 13th were paid a $0.0908 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a dividend yield of 369.0%.

About Kingfisher

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.