Kingfisher (LON:KGF) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Kingfisher plc (LON:KGF)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 307.26 and traded as high as GBX 349. Kingfisher shares last traded at GBX 344, with a volume of 293,414,125 shares trading hands.

Analysts Set New Price Targets

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

Kingfisher Stock Performance

The firm’s 50-day moving average price is GBX 336.48 and its two-hundred day moving average price is GBX 307.26. 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 firm has a market capitalization of £5.84 billion, a PE ratio of 32.76, a P/E/G ratio of 2.87 and a beta of 1.05.

Insiders Place Their Bets

In other news, insider Lucinda Riches bought 15,000 shares of the business’s stock in a transaction on Monday, January 12th. The shares were bought at an average cost of GBX 323 per share, with a total value of £48,450. Insiders own 0.37% of the company’s stock.

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.