Kingfisher (OTCMKTS:KGFHY) Shares Gap Down – Here’s Why

Shares of Kingfisher PLC (OTCMKTS:KGFHY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.26, but opened at $8.81. Kingfisher shares last traded at $8.78, with a volume of 11,237 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on KGFHY. Deutsche Bank Aktiengesellschaft upgraded Kingfisher from a “sell” rating to a “hold” rating in a research note on Thursday, September 17th. Investec lowered shares of Kingfisher to a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Kingfisher currently has an average rating of “Hold”.

Get Our Latest Stock Report on KGFHY

Kingfisher Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 0.27. The firm has a 50-day moving average price of $8.40 and a 200-day moving average price of $8.01.

Kingfisher Company Profile

(Get Free Report)

Kingfisher plc is a home improvement retailer headquartered in the United Kingdom. The company sells do-it-yourself, home renovation, and trade products through a portfolio of retail banners, serving consumers and professional customers with merchandise such as building materials, hardware, tools, paint, garden supplies, kitchens, bathrooms, and related services.

Its principal brands include B&Q and Screwfix in the United Kingdom and Ireland, as well as Castorama and Brico Dépôt in France.

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