Kingfisher (KGFHY) Upgraded by Zacks Investment Research to Buy
Kingfisher (OTCMKTS:KGFHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $11.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 13.64% from the stock’s current price.
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 equities analysts also recently weighed in on KGFHY. ValuEngine raised shares of Kingfisher from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Goldman Sachs Group raised shares of Kingfisher from a “neutral” rating to a “buy” rating in a report on Monday, October 30th. Jefferies Group raised shares of Kingfisher from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Finally, Royal Bank of Canada raised shares of Kingfisher from an “underperform” rating to a “sector perform” rating in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Kingfisher has a consensus rating of “Hold” and a consensus price target of $11.00.
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Kingfisher plc is engaged in the supply of home improvement products and services through a network of retail stores and other channels, located mainly in the United Kingdom and continental Europe. The Company’s segments include France, UK & Ireland, and Other International. The Other International segment consists of Poland, Spain, Portugal, Germany, Russia, Romania and the joint venture Koctas Yapi Marketleri Ticaret A.S.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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