Should Investors Be Selling KingFisher plc (OTCMKTS:KGFHY) Stock Following Today’s Nomura Downgrade?

Share

KingFisher plc (OTCMKTS:KGFHY) Receives a Downgrade

In a comprehensive report issued today, Nomura downgraded shares of KingFisher plc (OTCMKTS:KGFHY) to a Reduce rating from the previous Neutral rating.

From a total of 1 analysts covering KingFisher plc (OTCMKTS:KGFHY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 0% of the ratings are positive. KingFisher plc was the topic of 2 analyst reports since September 4, 2015 according to the firm StockzIntelligence Inc. JP Morgan initiated shares on November 3 with “Underweight” rating.

Approximately 32,333 shares of stock traded hands. Kingfisher plc (ADR) (OTCMKTS:KGFHY) has declined 0.46% since May 4, 2015 and is downtrending. It has outperformed by 0.62% the S&P500.

Should Investors Be Selling KingFisher plc (OTCMKTS:KGFHY) Stock Following Today’s Nomura Downgrade?

Kingfisher plc is engaged in the sale of home improvement services and products. The company has a market cap of $12.33 billion. The Firm operates over 1,200 stores in 11 countries across Europe and China. It currently has negative earnings. The Company’s divisions include UK & Ireland, France and Other International.

According to Zacks Investment Research, “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 Depot 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.” Get a free copy of the Zacks research report on Kingfisher plc (ADR) (KGFHY).

COMMENTS: