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

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Zacks Investment Research upgraded shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a sell rating to a hold rating in a research note released on Wednesday, 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. “

Separately, ValuEngine upgraded KINGFISHER PLC/SH from a sell rating to a hold rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. KINGFISHER PLC/SH currently has a consensus rating of Hold and an average price target of $7.00.

KGFHY opened at $5.56 on Wednesday. The business has a 50 day simple moving average of $5.41 and a two-hundred day simple moving average of $5.24. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 1.55 and a beta of 1.34. KINGFISHER PLC/SH has a one year low of $4.57 and a one year high of $6.99.

KINGFISHER PLC/SH Company Profile

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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