KINGFISHER PLC/SH (KGFHY) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a hold rating to a sell rating in a report published on Tuesday morning.

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 cut shares of KINGFISHER PLC/SH from a hold rating to a sell rating in a research note on Friday, August 3rd.

OTCMKTS:KGFHY opened at $6.05 on Tuesday. KINGFISHER PLC/SH has a 1 year low of $5.99 and a 1 year high of $10.41. The company has a market capitalization of $6.71 billion, a PE ratio of 9.16, a PEG ratio of 1.34 and a beta of 0.87.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 14th. Stockholders of record on Friday, October 5th were paid a $0.075 dividend. The ex-dividend date of this dividend was Thursday, October 4th. KINGFISHER PLC/SH’s dividend payout ratio (DPR) is currently 22.73%.

KINGFISHER PLC/SH Company Profile

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.

Recommended Story: Beta

Get a free copy of the Zacks research report on KINGFISHER PLC/SH (KGFHY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KINGFISHER PLC/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KINGFISHER PLC/SH and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply