Kingfisher (LON:KGF) Shares Pass Above 200 Day Moving Average of $227.89

Kingfisher plc (LON:KGF) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 227.89 ($2.81) and traded as high as GBX 249.80 ($3.09). Kingfisher shares last traded at GBX 247 ($3.05), with a volume of 4,689,490 shares traded.

Analyst Upgrades and Downgrades

Separately, HSBC raised Kingfisher to a “buy” rating and set a GBX 305 ($3.77) target price on the stock in a research report on Thursday, April 11th.

Kingfisher Price Performance

The company has a market capitalization of £4.62 billion, a P/E ratio of 1,372.22, a price-to-earnings-growth ratio of 58.62 and a beta of 0.99. The company has a fifty day moving average price of GBX 237.06 and a 200 day moving average price of GBX 227.89. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.29 and a quick ratio of 0.27.

Kingfisher Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, May 16th will be issued a dividend of GBX 8.60 ($0.11) per share. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Kingfisher’s previous dividend of $3.80. This represents a dividend yield of 3.68%. Kingfisher’s dividend payout ratio is 6,666.67%.

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.