Kingfisher (LON:KGF) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Kingfisher plc shares have recently crossed above their two hundred day moving average, trading as high as GBX 300.45 and closing at GBX 298.55.
• Analysts have mixed views on Kingfisher, with price targets ranging from GBX 285 to GBX 331, indicating a general consensus of holding the stock.
• The company reported a quarterly earnings per share (EPS) of GBX 15.30, with analysts predicting an average EPS of 23.69 for the current year.

Shares of Kingfisher plc (LON:KGF - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 275.70 ($3.67) and traded as high as GBX 300.45 ($4.00). Kingfisher shares last traded at GBX 298.55 ($3.97), with a volume of 22,184,188 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently commented on KGF shares. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Berenberg Bank cut their price objective on Kingfisher from GBX 312 to GBX 306 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Canaccord Genuity Group lifted their price objective on Kingfisher from GBX 306 to GBX 331 and gave the stock a "hold" rating in a research note on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft lowered Kingfisher to a "hold" rating and cut their price objective for the stock from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. Finally, Citigroup cut their price objective on Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of GBX 296.40.

Kingfisher Stock Performance

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 stock has a fifty day simple moving average of GBX 272.41 and a two-hundred day simple moving average of GBX 275.70. The firm has a market capitalization of £5.17 billion, a P/E ratio of 2,836.19, a P/E/G ratio of 2.87 and a beta of 0.96.

Kingfisher (LON:KGF - Get Free Report) last issued its quarterly earnings results on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 earnings per share (EPS) for the quarter. Kingfisher had a return on equity of 5.23% and a net margin of 2.68%. On average, research analysts predict that Kingfisher plc will post 23.6949924 EPS for the current year.

About Kingfisher

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.

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