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

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

Several other research analysts have also commented on the company. Morgan Stanley reaffirmed an equal weight rating on shares of KINGFISHER PLC/SH in a research report on Monday, April 1st. Credit Suisse Group lowered KINGFISHER PLC/SH from an outperform rating to a neutral rating in a research report on Friday, March 22nd. Societe Generale reissued a sell rating on shares of KINGFISHER PLC/SH in a report on Tuesday, April 9th. Finally, HSBC reissued a reduce rating on shares of KINGFISHER PLC/SH in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of Sell and an average price target of $7.00.

KGFHY opened at $5.44 on Thursday. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.48 and a beta of 1.12. KINGFISHER PLC/SH has a 52 week low of $5.08 and a 52 week high of $8.50.

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 18th. Stockholders of record on Friday, June 7th will be issued a $0.178 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from KINGFISHER PLC/SH’s previous Semi-Annual dividend of $0.08. KINGFISHER PLC/SH’s payout ratio is presently 23.44%.


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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