KINGFISHER PLC/SH (KGFHY) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a buy rating to a hold rating in a research report sent to investors on Thursday, 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. “

A number of other equities research analysts have also issued reports on the stock. Morgan Stanley reissued an equal weight rating on shares of KINGFISHER PLC/SH in a report on Monday, April 1st. Credit Suisse Group lowered shares of KINGFISHER PLC/SH from an outperform rating to a neutral rating in a report on Friday, March 22nd. Societe Generale reissued a sell rating on shares of KINGFISHER PLC/SH in a report on Tuesday, April 9th. Finally, HSBC reissued a reduce rating on shares of KINGFISHER PLC/SH in a report on Tuesday, March 26th. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. KINGFISHER PLC/SH presently has an average rating of Hold and a consensus price target of $7.00.

Shares of OTCMKTS:KGFHY opened at $5.76 on Thursday. The firm has a market capitalization of $6.22 billion, a P/E ratio of 9.00, a price-to-earnings-growth ratio of 1.51 and a beta of 1.12. KINGFISHER PLC/SH has a 52 week low of $5.08 and a 52 week high of $8.50.

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, July 18th. Shareholders of record on Friday, June 7th will be issued a $0.178 dividend. The ex-dividend date is Thursday, June 6th. This is a positive change from KINGFISHER PLC/SH’s previous Semi-Annual dividend of $0.08. KINGFISHER PLC/SH’s dividend payout ratio (DPR) is 23.44%.


Kingfisher plc, together with its subsidiaries, supplies DIY and home improvement products and services primarily in the United Kingdom and continental Europe. The company operates approximately 1,300 stores in 10 countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, and Koctas brands.

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