KINGFISHER PLC/SH (OTCMKTS:KGFHY) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a hold rating to a sell rating in a report published 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. “

KGFHY has been the subject of a number of other research reports. Societe Generale reaffirmed a sell rating on shares of KINGFISHER PLC/SH in a report on Tuesday, April 9th. HSBC reaffirmed a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a report on Tuesday, March 26th. Credit Suisse Group reaffirmed a buy rating on shares of LVMH Moet Hennessy Louis Vuitton in a report on Friday, March 22nd. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of KINGFISHER PLC/SH in a report on Monday, April 1st. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has an average rating of Sell and a consensus price target of $7.00.

OTCMKTS KGFHY opened at $5.60 on Wednesday. The firm has a market cap of $6.05 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 1.42 and a beta of 1.27. KINGFISHER PLC/SH has a twelve month low of $5.08 and a twelve month high of $8.50. The business has a 50-day simple moving average of $5.38.

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.

Featured Article: Bear Market – How and Why They Occur

Get a free copy of the Zacks research report on KINGFISHER PLC/SH (KGFHY)

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

Analyst Recommendations for KINGFISHER PLC/SH (OTCMKTS:KGFHY)

Receive News & Ratings for KINGFISHER PLC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KINGFISHER PLC/SH and related companies with MarketBeat.com's FREE daily email newsletter.