Kingfisher (LON:KGF) Shares Cross Above 200 Day Moving Average - Should You Sell?

Kingfisher plc (LON:KGF - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 266.25 ($3.60) and traded as high as GBX 281.60 ($3.81). Kingfisher shares last traded at GBX 278 ($3.76), with a volume of 4,519,887 shares changing hands.

Analysts Set New Price Targets

Separately, Barclays cut shares of Kingfisher to an "underweight" rating and raised their target price for the stock from GBX 275 ($3.72) to GBX 280 ($3.79) in a report on Tuesday, May 20th.

Kingfisher Stock Down 1.1%

The business's 50-day moving average price is GBX 286.22 and its 200-day moving average price is GBX 266.25. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12. The firm has a market capitalization of £4.86 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96.

Insider Activity

In other Kingfisher news, insider Bill Lennie acquired 50,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average price of GBX 277 ($3.74) per share, with a total value of £138,500 ($187,238.07). 0.73% of the stock is owned by company insiders.

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.