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

Kingfisher plc (LON:KGF)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 277.43 ($3.50) and traded as high as GBX 292.80 ($3.69). Kingfisher shares last traded at GBX 292.80 ($3.69), with a volume of 3,615,845 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Kingfisher from GBX 310 ($3.91) to GBX 350 ($4.41) and gave the company a “buy” rating in a research report on Wednesday, September 18th.

Kingfisher Price Performance

The company’s 50 day simple moving average is GBX 304.08 and its two-hundred day simple moving average is GBX 277.43. The company has a debt-to-equity ratio of 37.01, a current ratio of 1.26 and a quick ratio of 0.27. The stock has a market capitalization of £5.33 billion, a P/E ratio of 1,626.67, a PEG ratio of 2.87 and a beta of 0.96.

Kingfisher Cuts Dividend

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

Insider Buying and Selling 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 shares were sold at an average price of GBX 324 ($4.08), for a total value of £1,239,024.60 ($1,561,467.67). 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.