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. “
KGFHY has been the subject of a number of other research reports. Investec cut KINGFISHER PLC/SH from a hold rating to a sell rating in a research note on Tuesday, June 30th. Morgan Stanley reiterated an overweight rating on shares of KINGFISHER PLC/SH in a research report on Wednesday, September 23rd. Goldman Sachs Group reiterated a buy rating on shares of KINGFISHER PLC/SH in a research note on Friday, October 2nd. ValuEngine upgraded shares of KINGFISHER PLC/SH from a strong sell rating to a sell rating in a research note on Monday, August 3rd. Finally, Citigroup reiterated a sell rating on shares of KINGFISHER PLC/SH in a research note on Wednesday, September 30th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $9.25.
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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