Zacks Investment Research Downgrades KINGFISHER PLC/SH (KGFHY) to Sell
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. “
A number of other equities analysts also recently issued reports on KGFHY. Credit Suisse Group downgraded shares of KINGFISHER PLC/SH from an “outperform” rating to a “neutral” rating in a report on Friday, March 22nd. HSBC reissued a “reduce” rating on shares of KINGFISHER PLC/SH in a report on Tuesday, March 26th. Morgan Stanley reissued an “equal weight” rating on shares of KINGFISHER PLC/SH in a report on Monday, April 1st. Finally, Societe Generale reissued a “sell” rating on shares of KINGFISHER PLC/SH in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and a consensus price target of $7.00.
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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