Kingfisher plc (LON:KGF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 261.55 ($3.52) and traded as high as GBX 275.70 ($3.71). Kingfisher shares last traded at GBX 272.61 ($3.67), with a volume of 4,347,290 shares changing hands.
Wall Street Analyst Weigh In
Separately, Barclays cut Kingfisher to an "underweight" rating and lifted their target price for the company from GBX 275 ($3.70) to GBX 280 ($3.77) in a research note on Tuesday, May 20th.
Check Out Our Latest Report on Kingfisher
Kingfisher Trading Up 1.0%
The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The company has a 50 day simple moving average of GBX 284.90 and a two-hundred day simple moving average of GBX 261.92. The company has a market cap of £4.85 billion, a PE ratio of 14.62, a PEG ratio of 2.87 and a beta of 0.96.
Kingfisher (LON:KGF - Get Free Report) last released its earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.28) earnings per share for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. Sell-side analysts forecast that Kingfisher plc will post 23.6949924 EPS for the current year.
Kingfisher Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Thursday, May 22nd will be issued a dividend of GBX 19.72 ($0.27) per share. This represents a dividend yield of 3.44%. This is a positive change from Kingfisher's previous dividend of $3.80. The ex-dividend date is Thursday, May 22nd. Kingfisher's payout ratio is currently 63.94%.
Insider Activity
In other news, insider Bill Lennie purchased 50,000 shares of Kingfisher stock in a transaction dated Friday, May 30th. The stock was acquired at an average cost of GBX 277 ($3.73) per share, for a total transaction of £138,500 ($186,256.05). 0.73% of the stock is owned by corporate insiders.
About Kingfisher
(
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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.
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