Kingfisher (LON:KGF) Shares Cross Above 200 Day Moving Average of $255.41

Kingfisher plc (LON:KGF – Get Rating)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 255.41 ($3.22) and traded as high as GBX 255.60 ($3.23). Kingfisher shares last traded at GBX 250 ($3.15), with a volume of 5,885,162 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KGF shares. Numis Securities reissued a “sell” rating and issued a GBX 165 ($2.08) target price on shares of Kingfisher in a research report on Monday, February 20th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a GBX 230 ($2.90) target price on shares of Kingfisher in a research report on Monday, March 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 330 ($4.16) price target on shares of Kingfisher in a research note on Wednesday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 260 ($3.28) price target on shares of Kingfisher in a research note on Wednesday, March 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 271.67 ($3.43).

Kingfisher Stock Performance

The company has a quick ratio of 0.27, a current ratio of 1.30 and a debt-to-equity ratio of 38.45. The stock has a market cap of £4.85 billion, a price-to-earnings ratio of 1,086.96, a P/E/G ratio of 18.12 and a beta of 1.00. The company has a 50 day simple moving average of GBX 261.50 and a 200 day simple moving average of GBX 255.41.

Kingfisher Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, May 25th will be issued a dividend of GBX 8.60 ($0.11) per share. This is a boost from Kingfisher’s previous dividend of $3.80. This represents a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, May 25th. Kingfisher’s payout ratio is 5,217.39%.

Kingfisher Company Profile

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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 franchising, and IT services. It operates approximately 1,470 stores in eight countries across Europe under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koctas brands.