Kingfisher (LON:KGF) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Kingfisher plc (LON:KGF) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 291.66 and traded as high as GBX 320.40. Kingfisher shares last traded at GBX 317.56, with a volume of 5,040,621 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KGF. Jefferies Financial Group increased their price target on shares of Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft upped their target price on Kingfisher from GBX 280 to GBX 285 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Berenberg Bank raised their target price on Kingfisher from GBX 331 to GBX 334 and gave the company a “hold” rating in a research note on Tuesday, November 25th. Citigroup lifted their price target on Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Canaccord Genuity Group increased their price objective on Kingfisher from GBX 306 to GBX 331 and gave the stock a “hold” rating in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of GBX 309.14.

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 capitalization of £5.45 billion, a P/E ratio of 30.45, a PEG ratio of 2.87 and a beta of 0.96. The business has a 50-day moving average price of GBX 309.32 and a 200 day moving average price of GBX 291.66.

Insider Buying and Selling

In related news, insider Lucinda Riches bought 15,000 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were purchased at an average cost of GBX 323 per share, with a total value of £48,450. Company insiders own 0.35% of the company’s stock.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of c.73,000 colleagues. We operate in seven 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.