Just How Negative is Nomura Following Their Downgrade of Kingfisher PLC (OTC:KGFHY)?

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Kingfisher PLC (OTC:KGFHY) Receives a Downgrade

In an analyst research report distributed to Clients on 7 December, Nomura has decided to lowered rating on Kingfisher PLC (OTC:KGFHY) shares to a “Reduce”. KGFHY’s prior rating was a “Neutral”.

Approximately 45,039 shares of stock traded hands. Kingfisher plc (ADR) (OTC:KGFHY) has declined 0.46% since May 4, 2015 and is downtrending. It has outperformed by 0.62% the S&P500.

Just How Negative is Nomura Following Their Downgrade of Kingfisher PLC (OTC:KGFHY)?

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).

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