Kingfisher (OTCMKTS:KGFHY) Sees Large Volume Increase - Here's What Happened

Key Points

• Kingfisher PLC experienced a significant increase in trading volume, with approximately 833,272 shares traded, marking a 455% rise compared to the previous session.
• Analysts have issued mixed ratings on Kingfisher, with major firms such as BNP Paribas and Barclays downgrading the stock, leading to an average rating of "Reduce".
• The company's stock is currently priced at $6.73, below its 50-day moving average of $7.34, indicating potential challenges in its stock performance.

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) saw an uptick in trading volume on Tuesday . 833,272 shares traded hands during mid-day trading, an increase of 455% from the previous session's volume of 150,006 shares.The stock last traded at $6.73 and had previously closed at $6.82.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KGFHY. Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher from a "buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Barclays downgraded shares of Kingfisher from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, May 20th. BNP Paribas raised shares of Kingfisher to a "strong sell" rating in a research report on Thursday, May 29th. UBS Group initiated coverage on Kingfisher in a research note on Monday, July 28th. They set a "neutral" rating on the stock. Finally, Citigroup reiterated a "neutral" rating on shares of Kingfisher in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce".

Kingfisher Trading Down 0.5%

The business has a fifty day moving average of $7.24 and a 200-day moving average of $7.25.

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.