Kingfisher (LON:KGF) Stock Crosses Above 200 Day Moving Average – Here’s Why

Kingfisher plc (LON:KGF)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 297.25 and traded as high as GBX 350.50. Kingfisher shares last traded at GBX 347, with a volume of 4,845,000 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KGF shares. Jefferies Financial Group increased their price target on Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Citigroup lifted their price target on Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price objective on Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a research note on Tuesday, November 18th. Peel Hunt reiterated an “add” rating and set a GBX 320 target price on shares of Kingfisher in a research report on Tuesday, November 25th. Finally, Berenberg Bank boosted their target price on shares of Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a report on Tuesday, November 25th. One equities research 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 a consensus price target of GBX 309.14.

Kingfisher Price Performance

The firm has a market capitalization of £5.87 billion, a P/E ratio of 32.97, a PEG ratio of 2.87 and a beta of 0.96. The company has a fifty day moving average of GBX 319.50 and a 200 day moving average of GBX 297.25. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27.

Insider Buying and Selling at Kingfisher

In other news, insider Lucinda Riches bought 15,000 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average price of GBX 323 per share, with a total value of £48,450. 0.37% of the stock is currently owned by company insiders.

About Kingfisher

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.