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

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

A number of other equities research analysts have also recently commented on KGFHY. HSBC restated a “buy” rating on shares of LVMH Moet Hennessy Louis Vuitton in a report on Tuesday, March 26th. Morgan Stanley restated an “equal weight” rating on shares of KINGFISHER PLC/SH in a report on Monday, April 1st. Credit Suisse Group restated a “buy” rating on shares of LVMH Moet Hennessy Louis Vuitton in a report on Friday, March 22nd. Finally, Societe Generale restated a “sell” rating on shares of KINGFISHER PLC/SH in a report on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. KINGFISHER PLC/SH has an average rating of “Hold” and an average target price of $7.00.

OTCMKTS:KGFHY opened at $5.59 on Wednesday. The firm has a market capitalization of $6.05 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27. The business has a fifty day moving average of $5.39. KINGFISHER PLC/SH has a 12 month low of $5.08 and a 12 month high of $8.50.

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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