Kingfisher plc (LON:KGF) Insider Sells £1,239,024.60 in Stock

Kingfisher plc (LON:KGF) insider Thierry Garnier sold 382,415 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of GBX 324 ($4.34), for a total value of £1,239,024.60 ($1,659,111.68).

Kingfisher Stock Performance

Shares of KGF traded up GBX 3.30 ($0.04) during trading hours on Thursday, reaching GBX 324.90 ($4.35). 7,662,568 shares of the company’s stock traded hands, compared to its average volume of 8,447,500. The firm has a market capitalization of £5.95 billion, a price-to-earnings ratio of 1,799.44, a P/E/G ratio of 3.61 and a beta of 0.95. The company has a debt-to-equity ratio of 37.01, a current ratio of 1.26 and a quick ratio of 0.27. Kingfisher plc has a twelve month low of GBX 198.30 ($2.66) and a twelve month high of GBX 333.50 ($4.47). The business’s fifty day simple moving average is GBX 282.91 and its two-hundred day simple moving average is GBX 260.81.

Kingfisher Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on KGF. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Kingfisher in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their target price on Kingfisher from GBX 310 ($4.15) to GBX 350 ($4.69) and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 250 ($3.35) target price on shares of Kingfisher in a research note on Friday, July 12th.

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.