Kingfisher (LON:KGF) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Kingfisher plc (LON:KGF) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 261.17 ($3.54) and traded as high as GBX 277.60 ($3.76). Kingfisher shares last traded at GBX 274.40 ($3.72), with a volume of 7,185,127 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays downgraded shares of Kingfisher to an “underweight” rating and upped their price target for the company from GBX 275 ($3.73) to GBX 280 ($3.79) in a report on Tuesday, May 20th.

Kingfisher Stock Performance

The stock has a market cap of £4.85 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company’s 50-day simple moving average is GBX 280.30 and its 200-day simple moving average is GBX 261.17. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12.

Kingfisher (LON:KGF) last posted its quarterly earnings data on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.28) EPS for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. Analysts predict that Kingfisher plc will post 23.6949924 EPS for the current fiscal year.

Kingfisher Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, May 22nd will be paid a GBX 19.72 ($0.27) dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 3.44%. This is an increase from Kingfisher’s previous dividend of $3.80. Kingfisher’s payout ratio is 63.94%.

Insider Buying and Selling at Kingfisher

In other news, insider Bill Lennie bought 50,000 shares of the business’s stock in a transaction on Friday, May 30th. The stock was purchased at an average price of GBX 277 ($3.75) per share, with a total value of £138,500 ($187,694.81). Corporate insiders own 0.73% of the company’s stock.

About Kingfisher

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçtaş. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.