Insider Buying: Kingfisher plc (LON:KGF) Insider Purchases 210,000 Shares of Stock

Kingfisher plc (LON:KGF – Get Rating) insider Jeff Carr acquired 210,000 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was acquired at an average cost of GBX 260 ($3.39) per share, for a total transaction of £546,000 ($711,493.35).

LON KGF traded up GBX 4.40 ($0.06) during mid-day trading on Tuesday, hitting GBX 262.90 ($3.43). The company’s stock had a trading volume of 3,496,352 shares, compared to its average volume of 8,202,871. Kingfisher plc has a 52-week low of GBX 247.40 ($3.22) and a 52-week high of GBX 389.67 ($5.08). The stock’s fifty day simple moving average is GBX 288.16 and its two-hundred day simple moving average is GBX 318.77. The company has a debt-to-equity ratio of 35.29, a current ratio of 1.27 and a quick ratio of 0.35. The firm has a market capitalization of £5.37 billion and a P/E ratio of 6.59.

The firm also recently declared a dividend, which will be paid on Monday, June 27th. Investors of record on Thursday, May 19th will be issued a GBX 8.60 ($0.11) dividend. This is a positive change from Kingfisher’s previous dividend of $3.80. The ex-dividend date is Thursday, May 19th. This represents a yield of 2.95%. Kingfisher’s dividend payout ratio (DPR) is presently 0.30%.

Several equities research analysts have issued reports on KGF shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 313 ($4.08) price target on shares of Kingfisher in a research note on Monday, January 31st. Deutsche Bank Aktiengesellschaft raised shares of Kingfisher to a “buy” rating and decreased their price target for the stock from GBX 355 ($4.63) to GBX 335 ($4.37) in a research note on Monday, April 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 370 ($4.82) price target on shares of Kingfisher in a research note on Monday. Finally, Berenberg Bank decreased their price target on shares of Kingfisher from GBX 370 ($4.82) to GBX 295 ($3.84) and set a “hold” rating on the stock in a research note on Thursday, March 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 350.50 ($4.57).

About Kingfisher (Get Rating)

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 operates approximately 1,386 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.

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