Kingfisher plc (OTCMKTS:KGFHY – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 150,200 shares, an increase of 7.5% from the September 15th total of 139,700 shares. Based on an average daily trading volume, of 380,100 shares, the short-interest ratio is presently 0.4 days.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. UBS Group upgraded Kingfisher from a “strong sell” rating to a “hold” rating in a report on Monday, September 23rd. Barclays upgraded Kingfisher to a “hold” rating in a report on Friday, September 27th. Finally, Citigroup upgraded Kingfisher to a “hold” rating in a report on Wednesday, August 28th.
Get Our Latest Stock Report on KGFHY
Kingfisher Stock Performance
Kingfisher Cuts Dividend
The business also recently declared a dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Friday, October 11th will be given a dividend of $0.088 per share. 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.
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