KINGFISHER PLC/SH (OTCMKTS:KGFHY) Upgraded to “Hold” by Zacks Investment Research

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

Separately, ValuEngine raised KINGFISHER PLC/SH from a sell rating to a hold rating in a research report on Saturday, January 4th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of Hold and an average target price of $7.00.

KINGFISHER PLC/SH stock opened at $5.41 on Thursday. KINGFISHER PLC/SH has a 12 month low of $4.57 and a 12 month high of $6.99. The stock’s 50 day moving average is $5.64 and its 200-day moving average is $5.31. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 1.65 and a beta of 1.36.

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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