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

Key Points

• Kingfisher shares crossed above their 200-day moving average (GBX 308.89), trading as high as GBX 314.50 and last at GBX 308.05 on a volume of about 23.4M shares, although the stock was reported down roughly 1.6% intraday.
• Analyst sentiment is mixed-to-cautious: the consensus average rating is "Reduce" with an average price target of GBX 309.14, based on one Buy, five Hold and two Sell recommendations and recent target revisions in the GBX 285–334 range.
• Insider activity shows Lucinda Riches purchased 15,000 shares at GBX 323, indicating some insider buying despite insiders owning only about 0.37% of the stock.

Kingfisher plc (LON:KGF - Get Free Report) 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.

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