Kingfisher plc (OTCMKTS:KGFHY – Get Rating) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 50,200 shares, a drop of 93.2% from the August 31st total of 737,500 shares. Based on an average daily trading volume, of 950,500 shares, the days-to-cover ratio is presently 0.1 days.

Kingfisher Trading Down 6.7 %

Shares of KGFHY traded down $0.34 during midday trading on Tuesday, hitting $4.66. The stock had a trading volume of 402,555 shares, compared to its average volume of 259,673. The stock's 50 day moving average is $5.85 and its 200 day moving average is $6.24. Kingfisher has a 1 year low of $4.63 and a 1 year high of $9.69.

Wall Street Analyst Weigh In

KGFHY has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Kingfisher from GBX 245 ($2.96) to GBX 220 ($2.66) in a report on Wednesday, September 7th. UBS Group lowered shares of Kingfisher from a "neutral" rating to a "sell" rating in a research report on Friday, August 12th. Jefferies Financial Group cut shares of Kingfisher from a "buy" rating to a "hold" rating in a research note on Tuesday, September 6th. Societe Generale downgraded shares of Kingfisher from a "hold" rating to a "sell" rating in a report on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Kingfisher from GBX 270 ($3.26) to GBX 280 ($3.38) in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $291.67.

Kingfisher Company Profile

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 franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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