Kingfisher (LON:KGF) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Kingfisher plc's stock passed above its 200-day moving average at GBX 271.04, trading at GBX 277.50, with a total volume of over 2.29 million shares.
• Equity analysts have mixed views on Kingfisher, with one analyst rating it as a Buy, two as Hold, and two as Sell, leading to a consensus rating of "Reduce" and an average price target of GBX 297.75.
• Insider Bill Lennie purchased 50,000 shares at GBX 277 each, indicating confidence in the company, while corporate insiders collectively own 0.73% of the company's stock.

Kingfisher plc (LON:KGF - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 271.04 ($3.65) and traded as high as GBX 278.50 ($3.75). Kingfisher shares last traded at GBX 277.50 ($3.73), with a volume of 2,290,252 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KGF. Citigroup decreased their price target on Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating for the company in a report on Wednesday, August 13th. Berenberg Bank decreased their price target on Kingfisher from GBX 312 to GBX 306 and set a "hold" rating for the company in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft decreased their price target on Kingfisher from GBX 330 to GBX 320 and set a "buy" rating for the company in a report on Friday, August 1st. Barclays cut Kingfisher to an "underweight" rating and upped their price target for the stock from GBX 275 to GBX 280 in a report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Kingfisher in a report on Wednesday, July 30th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of GBX 297.75.

Kingfisher Stock Performance

The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 7.12. The firm has a market capitalization of £4.97 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a 50-day moving average of GBX 277.55 and a 200-day moving average of GBX 272.33.

Insider Activity

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

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.