Kingfisher (OTCMKTS:KGFHY) Shares Gap Up - Here's What Happened

Key Points

• Kingfisher PLC's stock price increased significantly, opening at $7.89 after closing at $6.77, with recent trading at $7.81.
• Several analysts have provided varying ratings for Kingfisher, with UBS rating it "neutral", while BNP Paribas has issued a "strong sell" rating.
• The stock has a 50-day moving average of $7.13 and a 200-day moving average of $7.27, indicating its performance trends.

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $6.77, but opened at $7.89. Kingfisher shares last traded at $7.81, with a volume of 35,029 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on KGFHY shares. UBS Group assumed coverage on Kingfisher in a research note on Monday, July 28th. They issued a "neutral" rating on the stock. BNP Paribas upgraded Kingfisher to a "strong sell" rating in a report on Thursday, May 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded Kingfisher from a "buy" rating to a "hold" rating in a report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Kingfisher currently has a consensus rating of "Reduce".

Kingfisher Stock Performance

The company has a fifty day moving average of $7.13 and a two-hundred day moving average of $7.27.

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.

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