Kingfisher (LON:KGF) Shares Pass Above 200-Day Moving Average – What’s Next?

Kingfisher plc (LON:KGF)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 261.55 ($3.51) and traded as high as GBX 275.70 ($3.70). Kingfisher shares last traded at GBX 272.61 ($3.66), with a volume of 4,347,290 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Kingfisher to an “underweight” rating and raised their target price for the stock from GBX 275 ($3.69) to GBX 280 ($3.76) in a report on Tuesday, May 20th.

Kingfisher Stock Performance

The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The stock has a market cap of £4.82 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The firm has a fifty day moving average price of GBX 283.29 and a 200 day moving average price of GBX 261.55.

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

Kingfisher Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be paid a dividend of GBX 19.72 ($0.26) per share. This is a positive change from Kingfisher’s previous dividend of $3.80. This represents a dividend yield of 3.44%. The ex-dividend date is Thursday, May 22nd. Kingfisher’s dividend payout ratio is presently 63.94%.

Insider Buying and Selling

In other news, insider Bill Lennie acquired 50,000 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were bought at an average price of GBX 277 ($3.72) per share, for a total transaction of £138,500 ($185,931.00). 0.73% of the stock is currently owned by insiders.

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.