Kingfisher (OTCMKTS:KGFHY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
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 lowered shares of Kingfisher from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.
Kingfisher plc, together with its subsidiaries, supplies home improvement products and services through a network of retail stores and other channels located primarily in the United Kingdom and continental Europe. The company offers garden furnishing, exterior lighting, performance hand and power tools, heating and cooling systems, security and water treatment products, air treatment products, and communication products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kingfisher Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingfisher and related companies with MarketBeat.com's FREE daily email newsletter.