Kingfisher (LON:KGF) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Kingfisher plc (LON:KGF) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 308.89 and traded as high as GBX 314.50. Kingfisher shares last traded at GBX 308.05, with a volume of 23,408,254 shares changing hands.

Wall Street Analysts Forecast Growth

KGF has been the subject of several recent analyst reports. Peel Hunt reaffirmed an “add” rating and issued a GBX 320 target price on shares of Kingfisher in a research note on Tuesday, November 25th. Citigroup raised their price objective on Kingfisher from GBX 300 to GBX 311 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a research report on Tuesday, November 18th. Jefferies Financial Group upped their target price on Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a research note on Wednesday, November 26th. Finally, Berenberg Bank increased their target price on Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of GBX 309.14.

Kingfisher Trading Down 1.6%

The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 37.15. The business’s fifty day moving average is GBX 337.51 and its 200-day moving average is GBX 308.89. The stock has a market capitalization of £5.18 billion, a PE ratio of 29.34, a P/E/G ratio of 2.87 and a beta of 1.05.

Insider Activity

In related news, insider Lucinda Riches acquired 15,000 shares of the stock in a transaction dated Monday, January 12th. The stock was bought at an average cost of GBX 323 per share, with a total value of £48,450. 0.37% of the stock is owned by corporate insiders.

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.