Kingfisher plc (NASDAQ:KGFHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, August 8th. The brokerage presently has a $9.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 18.42% from the stock’s current price.
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 topic of a number of other research reports. ValuEngine upgraded shares of Kingfisher plc from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. HSBC Holdings plc upgraded shares of Kingfisher plc from a “hold” rating to a “buy” rating in a research note on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.00.
Kingfisher plc (KGFHY) traded down 0.52% during midday trading on Tuesday, hitting $7.60. The company had a trading volume of 79,625 shares. The company’s 50 day moving average is $7.97 and its 200 day moving average is $8.34. The stock has a market cap of $8.49 billion and a price-to-earnings ratio of 10.83. Kingfisher plc has a 12-month low of $7.58 and a 12-month high of $10.11.
About Kingfisher plc
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.
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