Kingfisher (LON:KGF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kingfisher plc (LON:KGF)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 273.50 ($3.55) and traded as high as GBX 311.66 ($4.04). Kingfisher shares last traded at GBX 305.60 ($3.96), with a volume of 3,053,285 shares trading hands.

Analysts Set New Price Targets

Several research firms recently issued reports on KGF. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 250 ($3.24) price objective on shares of Kingfisher in a report on Friday, July 12th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Kingfisher in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Kingfisher from GBX 310 ($4.02) to GBX 350 ($4.54) and gave the stock a “buy” rating in a research note on Wednesday, September 18th.

Kingfisher Stock Down 1.4 %

The firm’s 50-day simple moving average is GBX 301.28 and its 200-day simple moving average is GBX 273.50. 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 company has a market capitalization of £5.56 billion, a price-to-earnings ratio of 1,697.78, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

Kingfisher Cuts Dividend

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

Insiders Place Their Bets

In other Kingfisher news, insider Thierry Garnier sold 382,415 shares of Kingfisher stock in a transaction on Thursday, September 26th. The shares were sold at an average price of GBX 324 ($4.20), for a total transaction of £1,239,024.60 ($1,606,827.39). Corporate insiders own 0.73% of the company’s stock.

About Kingfisher

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.