Kingfisher PLC (OTCMKTS:KGFHY) Receives Average Rating of “Reduce” from Brokerages

Kingfisher PLC (OTCMKTS:KGFHY) has earned a consensus recommendation of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company.

A number of brokerages have recently commented on KGFHY. UBS Group began coverage on Kingfisher in a report on Monday, July 28th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher from a “buy” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada upgraded shares of Kingfisher from a “hold” rating to a “moderate buy” rating in a research note on Friday, October 24th.

Kingfisher Price Performance

OTCMKTS KGFHY opened at $7.68 on Wednesday. The stock has a 50-day simple moving average of $7.87 and a 200 day simple moving average of $7.62. Kingfisher has a twelve month low of $5.47 and a twelve month high of $8.42.

Kingfisher Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, October 13th were issued a dividend of $0.0908 per share. The ex-dividend date was Friday, October 10th. This represents a dividend yield of 369.0%.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.