Kingfisher (OTCMKTS:KGFHY) Stock Price Passes Below 50 Day Moving Average of $6.52

Kingfisher plc (
OTCMKTS:KGFHY

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)'s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.52 and traded as low as $6.26. Kingfisher shares last traded at $6.27, with a volume of 40,098 shares.

Analysts set new price targets

Recent comments from several equity research analysts on the stock. JPMorgan Chase & Co. raised their price target for shares of Kingfisher in a report published on Monday, 6th March from GBX 210 (about $2.62) to GBX 230 (about $2.87). Jefferies Financial Group upgraded shares of Kingfisher to a "buy" rating in a report on Monday, 6th March. In a research report published on February 3rd, Deutsche Bank Aktiengesellschaft downgraded shares of Kingfisher to a "hold" rating from a "buy". Two analysts have given the stock a sell recommendation, two others have given it a hold recommendation and one analyst has assigned the stock a buy recommendation. The company's two-hundred and fifty day moving averages are $6.14 and $6.51 respectively.

Kingfisher

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Kingfisher plc provides home improvement products and service through a retail store network and other channels. It is divided into four geographical segments: UK and Ireland, France Poland, Other. The company was established in 1982 in London, United Kingdom.

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