Kingfisher (OTCMKTS:KGFHY) Hits New 12-Month High – Should You Buy?

Shares of Kingfisher PLC (OTCMKTS:KGFHY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $9.95 and last traded at $9.95, with a volume of 7140 shares trading hands. The stock had previously closed at $9.93.

Analysts Set New Price Targets

A number of research firms recently commented on KGFHY. Barclays reaffirmed an “underweight” rating on shares of Kingfisher in a research note on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft downgraded Kingfisher from a “hold” rating to a “sell” rating in a report on Wednesday, December 10th. Finally, UBS Group reissued a “neutral” rating on shares of Kingfisher in a research note on Wednesday, December 10th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Kingfisher Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.33 and a current ratio of 1.28. The firm’s fifty day moving average price is $9.02 and its 200 day moving average price is $8.17.

Kingfisher Company Profile

Kingfisher plc (OTCMKTS: KGFHY) is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher’s business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group’s retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçta? in Turkey.