Kingfisher (LON:KGF) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Kingfisher plc (LON:KGF) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 267.44 ($3.50) and traded as high as GBX 314.10 ($4.11). Kingfisher shares last traded at GBX 312.20 ($4.09), with a volume of 4,499,527 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 250 ($3.27) price objective on shares of Kingfisher in a research note on Friday, July 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Kingfisher in a research report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kingfisher from GBX 310 ($4.06) to GBX 350 ($4.58) and gave the stock a “buy” rating in a research note on Wednesday, September 18th.

Kingfisher Stock Performance

The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 37.01. The stock has a market cap of £5.68 billion, a PE ratio of 1,734.44, a P/E/G ratio of 3.60 and a beta of 0.95. The business’s 50-day moving average price is GBX 291.92 and its 200-day moving average price is GBX 267.44.

Kingfisher Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be given a GBX 3.80 ($0.05) dividend. This represents a dividend yield of 1.31%. The ex-dividend date is Thursday, October 10th. Kingfisher’s payout ratio is currently 6,666.67%.

Insider Buying and Selling

In other Kingfisher news, insider Thierry Garnier sold 382,415 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of GBX 324 ($4.24), for a total transaction of £1,239,024.60 ($1,621,547.70). 0.73% of the stock is owned by company insiders.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.