Kingfisher (LON:KGF) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Kingfisher plc's stock price recently crossed above its 200-day moving average and is currently trading at GBX 275.60 ($3.70).
• Several analysts have issued ratings on Kingfisher, with Barclays upgrading their target price to GBX 280 ($3.76) but maintaining an "underweight" rating.
• Insider Bill Lennie purchased 50,000 shares at an average price of GBX 277 ($3.72), indicating confidence in the company's performance.

Kingfisher plc (LON:KGF - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 270.03 ($3.66) and traded as high as GBX 279.10 ($3.78). Kingfisher shares last traded at GBX 275.60 ($3.74), with a volume of 1,416,875 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on KGF shares. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Kingfisher in a report on Wednesday, July 30th. Berenberg Bank decreased their target price on Kingfisher from GBX 312 ($4.23) to GBX 306 ($4.15) and set a "hold" rating for the company in a research note on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft decreased their target price on Kingfisher from GBX 330 ($4.47) to GBX 320 ($4.34) and set a "buy" rating for the company in a research note on Friday, August 1st. Citigroup decreased their target price on Kingfisher from GBX 300 ($4.07) to GBX 285 ($3.86) and set a "neutral" rating for the company in a research note on Wednesday. Finally, Barclays cut Kingfisher to an "underweight" rating and raised their target price for the company from GBX 275 ($3.73) to GBX 280 ($3.80) in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 297.75 ($4.04).

Kingfisher Stock Performance

The firm has a market capitalization of £4.77 billion, a PE ratio of 14.37, a P/E/G ratio of 2.87 and a beta of 0.96. The company has a debt-to-equity ratio of 7.12, a current ratio of 1.26 and a quick ratio of 0.27. The firm has a fifty day moving average price of GBX 277.16 and a 200 day moving average price of GBX 270.49.

Insider Transactions at Kingfisher

In other Kingfisher news, insider Bill Lennie acquired 50,000 shares of Kingfisher stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average cost of GBX 277 ($3.75) per share, with a total value of £138,500 ($187,720.25). Corporate insiders own 0.73% of the company's stock.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 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.