Kingfisher plc (KGFHY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Kingfisher plc (NASDAQ:KGFHY) from a hold rating to a sell rating in a research note published 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. “

Separately, BNP Paribas downgraded shares of Kingfisher plc from a neutral rating to an underperform rating in a research report on Wednesday, January 25th. Six research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Kingfisher plc currently has a consensus rating of Sell and a consensus target price of $11.00.

Analyst Recommendations for Kingfisher plc (NASDAQ:KGFHY)

Kingfisher plc (NASDAQ:KGFHY) opened at 8.359 on Wednesday. Kingfisher plc has a 52-week low of $7.82 and a 52-week high of $11.02. The firm’s 50-day moving average is $8.50 and its 200-day moving average is $9.08. The firm has a market capitalization of $9.49 billion and a PE ratio of 18.412.

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Kingfisher plc Company Profile

Kingfisher plc is a home improvement company. The Company 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.

5 Day Chart for NASDAQ:KGFHY

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