Kingfisher (OTCMKTS:KGFHY) Upgraded by Barclays to “Hold”

Barclays upgraded shares of Kingfisher (OTCMKTS:KGFHY) to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

Several other research analysts have also commented on the company. UBS Group upgraded Kingfisher from a strong sell rating to a hold rating in a research report on Monday, September 23rd. Citigroup raised Kingfisher to a hold rating in a research report on Wednesday, August 28th.

Kingfisher Stock Performance

Kingfisher stock opened at $8.59 on Friday. Kingfisher has a 52-week low of $4.80 and a 52-week high of $8.80. The company has a quick ratio of 0.30, a current ratio of 1.26 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $7.45 and its 200 day moving average is $6.77.

Kingfisher Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, October 11th will be issued a $0.088 dividend. The ex-dividend date is Friday, October 11th.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. The company also offers property investment, finance, digital, sourcing, and IT services. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands.