Zacks Investment Research Downgrades Kingfisher plc (KGFHY) to Hold

Zacks Investment Research downgraded shares of Kingfisher plc (NASDAQ:KGFHY) from a buy rating to a hold rating in a research report report published on Wednesday, July 12th.

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 KGFHY. Barclays PLC reissued an underweight rating on shares of Kingfisher plc in a research note on Thursday, March 30th. HSBC Holdings plc raised Kingfisher plc from a hold rating to a buy rating in a research note on Wednesday, May 17th. Finally, ValuEngine lowered Kingfisher plc from a buy rating to a hold rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $9.00.

Kingfisher plc (NASDAQ:KGFHY) opened at 7.99 on Wednesday. The stock has a market capitalization of $8.92 billion and a PE ratio of 11.19. Kingfisher plc has a 1-year low of $7.71 and a 1-year high of $10.11. The stock’s 50 day moving average price is $7.99 and its 200 day moving average price is $8.37.

WARNING: This story was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at

Kingfisher plc Company Profile

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.

Get a free copy of the Zacks research report on Kingfisher plc (KGFHY)

For more information about research offerings from Zacks Investment Research, visit

What are top analysts saying about Kingfisher plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Kingfisher plc and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit