KINGFISHER PLC/SH (OTCMKTS:KGFHY) Upgraded by Zacks Investment Research to Hold – TechNewsObserver
Zacks Investment Research upgraded shares of KINGFISHER PLC/SH (OTCMKTS:KGFHY) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports. According to Zacks, “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 also has a 21% interest in, and strategic alliance with Hornbach, Germany’s leading DIY warehouse retailer, with over 120 stores across Europe. The company has a market cap of $5.59 billion, a PE ratio of 8.28, a P/E/G ratio of 1.55 and a beta of 1.34.