Kingfisher (OTCMKTS:KGFHY) Lowered to “Promote” at Zacks Funding Analysis

Kingfisher (OTCMKTS:KGFHY) was downgraded by Zacks Funding Analysis from a “maintain” score to a “promote” score in a report issued on Wednesday, stories.

In line with Zacks, “KINGFISHER is Europe’s main residence enchancment retail group and the third largest on this planet, with main market positions within the UK, France, Poland, Italy, Turkey, China. Kingfisher operates 780 shops in 9 international locations in Europe and Asia. Its fundamental retail manufacturers are B&Q, Castorama, Brico Dépôt and Screwfix. Kingfisher additionally has a 21% curiosity in, and strategic alliance with Hornbach, Germany’s main DIY warehouse retailer, with over 120 shops throughout Europe. “

Different analysts have additionally not too long ago issued analysis stories in regards to the inventory. Berenberg Financial institution assumed protection on shares of Kingfisher in a report on Monday, October eleventh. They issued a “maintain” score on the inventory. Deutsche Financial institution Aktiengesellschaft assumed protection on shares of Kingfisher in a report on Wednesday, October twentieth. They issued a “maintain” score on the inventory. Lastly, Investec raised shares of Kingfisher from a “promote” score to a “maintain” score in a report on Friday, November nineteenth. Two analysis analysts have rated the inventory with a promote score, eight have issued a maintain score and three have issued a purchase score to the corporate’s inventory. Based mostly on knowledge from, the corporate presently has a consensus score of “Maintain” and a median worth goal of $10.00.

Kingfisher inventory opened at $8.47 on Wednesday. The agency’s 50-day shifting common is $9.08 and its 200-day shifting common is $9.68. Kingfisher has a 1 12 months low of $6.80 and a 1 12 months excessive of $10.76.

Kingfisher Firm Profile

Kingfisher plc engages within the provision of residence enchancment services and products by means of a community of retail shops and different channels. It operates by means of the next geographical segments: UK & Eire, France, Poland, and Different. The corporate was based in 1982 and is headquartered in London, the UK.

Advisable Story: By-product

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