KINGFISHER PLC/SH (KGFHY) Upgraded at Zacks Investment Research

KINGFISHER PLC/SH (OTCMKTS:KGFHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

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 cut shares of KINGFISHER PLC/SH from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.00.

KGFHY stock opened at $6.87 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.27 and a current ratio of 1.15. KINGFISHER PLC/SH has a twelve month low of $6.42 and a twelve month high of $10.41. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 10.41, a P/E/G ratio of 1.39 and a beta of 0.91.

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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