Kingfisher (OTCMKTS:KGFHY) Sets New 1-Year High – Still a Buy?

Kingfisher PLC (OTCMKTS:KGFHY) shares hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $10.1850 and last traded at $10.1850, with a volume of 57,555 shares changing hands. The stock had previously closed at $9.70.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Investec cut shares of Kingfisher to a “hold” rating in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kingfisher in a research report on Friday, October 2nd. Four analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kingfisher Stock Performance

The company has a quick ratio of 0.28, a current ratio of 1.23 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $8.80 and a 200-day moving average price of $8.41.

About Kingfisher

Kingfisher plc is a home improvement retailer headquartered in the United Kingdom. The company sells do-it-yourself, home renovation, repair, decorating, building, and garden products through stores and digital channels, serving both household consumers and trade professionals.

Its principal retail brands include B&Q and Screwfix in the United Kingdom and Ireland, as well as Castorama and Brico Dépôt in France, Poland, and Romania. The company offers products such as tools, hardware, building materials, paint, plumbing and electrical supplies, kitchens, bathrooms, outdoor living products, and garden equipment.