Kingfisher (LON:KGF) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Kingfisher plc (LON:KGF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 261.17 ($3.54) and traded as high as GBX 277.60 ($3.77). Kingfisher shares last traded at GBX 274.40 ($3.72), with a volume of 7,185,127 shares traded.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded Kingfisher to an "underweight" rating and lifted their price objective for the stock from GBX 275 ($3.73) to GBX 280 ($3.80) in a research report on Tuesday, May 20th.

Kingfisher Trading Down 1.1%

The stock has a market capitalization of £4.84 billion, a PE ratio of 14.60, a PEG ratio of 2.87 and a beta of 0.96. The business's 50-day moving average is GBX 282.08 and its two-hundred day moving average is GBX 261.11. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12.

Kingfisher (LON:KGF - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.28) earnings per share for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. On average, analysts predict that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, May 22nd will be paid a dividend of GBX 19.72 ($0.27) per share. This is a positive change from Kingfisher's previous dividend of $3.80. The ex-dividend date is Thursday, May 22nd. This represents a yield of 3.44%. Kingfisher's dividend payout ratio is 63.94%.

Insiders Place Their Bets

In related news, insider Bill Lennie acquired 50,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was acquired at an average cost of GBX 277 ($3.76) per share, for a total transaction of £138,500 ($187,924.02). 0.73% of the stock is owned by insiders.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight 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.