Kingfisher plc (KGFHY) Stock Rating Upgraded by Zacks Investment Research

Kingfisher plc (NASDAQ:KGFHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

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. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.00.

Analyst Recommendations for Kingfisher plc (NASDAQ:KGFHY)

Kingfisher plc (NASDAQ:KGFHY) opened at 8.74 on Friday. The stock’s 50 day moving average price is $8.37 and its 200 day moving average price is $8.90. Kingfisher plc has a one year low of $7.82 and a one year high of $11.02. The firm has a market capitalization of $9.92 billion and a PE ratio of 19.77.

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About Kingfisher plc

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.

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