Zacks Investment Research Lowers KINGFISHER PLC/SH (OTCMKTS:KGFHY) to Hold

KINGFISHER PLC/SH (OTCMKTS:KGFHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. According to Zacks, “KINGFISHER is Europe’s leading home improvement retail group and the third largest in the world, with leading […]

KINGFISHER PLC/SH (OTCMKTS:KGFHY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com 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 analysts have also recently weighed in on the stock. Credit Suisse Group raised shares of KINGFISHER PLC/SH from a “neutral” rating to an “outperform” rating in a report on Monday, July 27th. ValuEngine raised shares of KINGFISHER PLC/SH from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Royal Bank of Canada restated an “outperform” rating on shares of KINGFISHER PLC/SH in a research report on Monday, July 27th. Morgan Stanley restated an “overweight” rating on shares of KINGFISHER PLC/SH in a research report on Wednesday, September 23rd. Finally, Citigroup restated a “sell” rating on shares of KINGFISHER PLC/SH in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.25.

KGFHY stock opened at $7.63 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.25 and a debt-to-equity ratio of 0.40. KINGFISHER PLC/SH has a twelve month low of $2.50 and a twelve month high of $7.66. The company’s 50 day moving average is $7.16 and its two-hundred day moving average is $5.28. The stock has a market cap of $8.05 billion, a P/E ratio of 15.90, a PEG ratio of 4.09 and a beta of 1.60.

About KINGFISHER PLC/SH

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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