Kingfisher (LON:KGF) Shares Down 13.3% – Time to Sell?

Kingfisher plc (LON:KGF) dropped 13.3% during trading on Monday . The company traded as low as GBX 252.20 ($3.17) and last traded at GBX 255.59 ($3.21). Approximately 122,939,156 shares changed hands during trading, an increase of 1,347% from the average daily volume of 8,495,856 shares. The stock had previously closed at GBX 294.66 ($3.70).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on Kingfisher from GBX 310 ($3.90) to GBX 350 ($4.40) and gave the stock a “buy” rating in a report on Wednesday, September 18th.

Kingfisher Price Performance

The business’s 50 day moving average is GBX 304.84 and its two-hundred day moving average is GBX 279.07. The company has a debt-to-equity ratio of 37.01, a quick ratio of 0.27 and a current ratio of 1.26. The firm has a market capitalization of £4.57 billion, a PE ratio of 1,404.44, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

Kingfisher Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 10th were given a GBX 3.80 ($0.05) dividend. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend was Thursday, October 10th. Kingfisher’s dividend payout ratio (DPR) is presently 6,666.67%.

Insider Activity at Kingfisher

In other Kingfisher news, insider Thierry Garnier sold 382,415 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of GBX 324 ($4.07), for a total value of £1,239,024.60 ($1,557,541.92). 0.73% of the stock is currently owned by corporate 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.