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Will Citigroup Downgrade to Sell from Neutral Be a Headwind For Kingfisher PLC (OTC:KGFHY) Stock Today?

Citigroup Analyst Rating Change Kingfisher PLC OTC:KGFHY

Kingfisher PLC (OTC:KGFHY) Downgrade of Rating

Citigroup downgraded the shares of Kingfisher Plc (OTC:KGFHY) from a Neutral rating to Sell rating in an analyst report revealed to investors on 28 June.

Despite the rating downgrade OTC:KGFHY is at the moment trading 0.24% higher at $8.42 as of 06:41 New York time. Kingfisher PLC’s stock is down -24.6% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 2.47% in the same time period.

OTC:KGFHY Price Chart & Trend

The stock price of Kingfisher PLC has plunged 24.6% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Kingfisher PLC is down 15.76% and down 11.95%, respectively. Our stocks momentum model is shown on the price chart below.Will Citigroup Downgrade to Sell from Neutral Be a Headwind For Kingfisher PLC (OTC:KGFHY) Stock Today?

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

KGFHY Stock Chart

Kingfisher PLC (OTC:KGFHY) Profile

Kingfisher plc is engaged in the sale of home improvement products and services. The Company operates over 1,200 stores in 11 countries across Europe and China. The Company’s segments include UK & Ireland, France and Other International.

Kingfisher PLC (OTC:KGFHY) traded up 0.24% on 28 June, hitting $8.42. A total of 256,045 shares of the company’s stock traded hands. This is up from average of 165,698 shares. Kingfisher PLC has a 52 week low of $8.30 and a 52 week high of $11.84. The company has a market cap of $9.53B and a P/E ratio of 0.

Get the latest Kingfisher PLC (OTC:KGFHY) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Will Citigroup Downgrade to Sell from Neutral Be a Headwind For Kingfisher PLC (OTC:KGFHY) Stock Today? appeared first on Octafinance.



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Will Citigroup Downgrade to Sell from Neutral Be a Headwind For Kingfisher PLC (OTC:KGFHY) Stock Today?

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