Kingfisher (LON:KGF) Stock Passes Above 200 Day Moving Average of $230.04

Kingfisher plc (LON:KGF)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 230.04 ($2.89) and traded as high as GBX 249.30 ($3.13). Kingfisher shares last traded at GBX 248.70 ($3.12), with a volume of 7,065,877 shares changing hands.

Analyst Upgrades and Downgrades

Separately, HSBC upgraded Kingfisher to a “buy” rating and set a GBX 305 ($3.83) price objective for the company in a research report on Thursday, April 11th.

Kingfisher Price Performance

The firm has a market capitalization of £4.74 billion, a PE ratio of 1,381.67, a PEG ratio of 57.33 and a beta of 0.99. The stock has a 50-day moving average price of GBX 240.06 and a 200 day moving average price of GBX 230.04. The company has a quick ratio of 0.27, a current ratio of 1.29 and a debt-to-equity ratio of 37.49.

Kingfisher Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, May 16th will be given a dividend of GBX 8.60 ($0.11) per share. This represents a dividend yield of 3.68%. This is a boost from Kingfisher’s previous dividend of $3.80. The ex-dividend date is Thursday, May 16th. Kingfisher’s payout ratio is presently 6,666.67%.

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.