Published On: Sat, Sep 10th, 2016

Kingfisher plc (KGFHY) Lowered to Neutral at BNP Paribas

Kingfisher plc (NASDAQ:KGFHY) was downgraded by equities researchers at BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Friday.
Other analysts have also recently issued reports about the company. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Kingfisher plc in a research note on Monday, June 27th. Zacks Investment Research upgraded Kingfisher plc from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. RBC Capital Markets restated an “underperform” rating on shares of Kingfisher plc in a research note on Monday, August 1st. Jefferies Group cut Kingfisher plc from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, Citigroup Inc. cut Kingfisher plc from a “neutral” rating to a “sell” rating in a research note on Tuesday, June 28th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Kingfisher plc presently has an average rating of “Hold”.
Kingfisher plc (NASDAQ:KGFHY) traded up 0.25% during mid-day trading on Friday, reaching $9.90. The company’s stock had a trading volume of 282,995 shares. The stock’s 50 day moving average is $9.36 and its 200 day moving average is $9.90. Kingfisher plc has a one year low of $7.82 and a one year high of $11.41. The firm has a market cap of $11.33 billion and a PE ratio of 21.06.

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About Kingfisher plc
Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International. The Other International segment consists of the operations in Poland, China, Germany, Portugal, Romania, Russia and Spain, and of its joint venture with Koc Group, Koctas, a Turkey-based home improvement retailer.

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