Barclays Upgrades Kingfisher (OTCMKTS:KGFHY) to "Equal Weight"

Key Points

• Barclays upgraded Kingfisher from "underweight" to "equal weight" in a report issued Monday, reflecting a more neutral view on the stock.
• Shares opened at $7.99, with a 50-day moving average of $8.50 and a 200-day moving average of $8.44, trading in a one-year range of $6.53 to $10.17.
• Kingfisher is a major international home-improvement retailer (B&Q, Screwfix, Castorama, Brico Dépôt, Koçtaş) with very low leverage (debt/equity 0.02) but modest short-term liquidity (current ratio 1.21, quick ratio 0.27).

Kingfisher (OTCMKTS:KGFHY - Get Free Report) was upgraded by research analysts at Barclays from an "underweight" rating to an "equal weight" rating in a report issued on Monday.

Kingfisher Stock Performance

OTCMKTS KGFHY opened at $7.99 on Monday. The stock's 50-day moving average price is $8.50 and its two-hundred day moving average price is $8.44. Kingfisher has a 1 year low of $6.53 and a 1 year high of $10.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.27 and a current ratio of 1.21.

Kingfisher Company Profile

Kingfisher plc OTCMKTS: KGFHY is a leading international home improvement retailer headquartered in London, United Kingdom. The company operates a network of stores and digital platforms offering a comprehensive range of do-it-yourself (DIY) and home improvement products. Kingfisher's business model focuses on delivering value to both retail customers and trade professionals through an integrated omni-channel approach.

The group's retail banners include B&Q and Screwfix in the UK and Ireland, Castorama and Brico Dépôt in France and Poland, and Koçtaş in Turkey.

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