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

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on KGFHY. Investec downgraded Kingfisher to a “hold” rating in a research note on Thursday, September 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kingfisher in a report on Friday, October 2nd. Four research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Kingfisher presently has an average rating of “Hold”.

Kingfisher Trading Up 5.4%

The company has a current ratio of 1.23, a quick ratio of 0.28 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $8.74 and a two-hundred day simple moving average of $8.39.

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.