Zacks Investment Research Lowers Kingfisher plc (KGFHY) to Hold

Kingfisher plc (NASDAQ:KGFHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

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 research analysts also recently issued reports about the company. HSBC Holdings plc upgraded Kingfisher plc from a “hold” rating to a “buy” rating in a research note on Wednesday, May 17th. ValuEngine upgraded Kingfisher plc from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.00.

Shares of Kingfisher plc (KGFHY) traded down 0.50% on Wednesday, reaching $8.04. The company’s stock had a trading volume of 92,538 shares. The company has a market capitalization of $8.98 billion and a price-to-earnings ratio of 11.26. Kingfisher plc has a 1-year low of $7.71 and a 1-year high of $10.11. The stock has a 50-day moving average price of $7.96 and a 200-day moving average price of $8.39.

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About Kingfisher plc

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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