Kingfisher (LON:KGF) Stock Passes Above 200-Day Moving Average - Here's Why

Key Points

• Kingfisher plc's stock recently traded above its 200-day moving average, reaching GBX 302.96 ($4.07), indicating a potential upward trend in stock performance.
• Multiple analysts have adjusted their price targets for Kingfisher, with Citigroup lowering their target from GBX 300 to GBX 285, while Canaccord Genuity raised theirs from GBX 306 to GBX 331.
• The company reported an earnings per share (EPS) of GBX 15.30 for the last quarter, with analysts forecasting an average EPS of approximately 23.70 for the fiscal year.

Kingfisher plc (LON:KGF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 277.80 ($3.73) and traded as high as GBX 304 ($4.08). Kingfisher shares last traded at GBX 302.96 ($4.07), with a volume of 5,212,836 shares changing hands.

Analysts Set New Price Targets

KGF has been the subject of several research analyst reports. Citigroup reduced their target price on Kingfisher from GBX 300 to GBX 285 and set a "neutral" rating for the company in a research note on Wednesday, August 13th. Canaccord Genuity Group increased their target price on Kingfisher from GBX 306 to GBX 331 and gave the company a "hold" rating in a research note on Tuesday, September 23rd. Berenberg Bank reduced their target price on Kingfisher from GBX 312 to GBX 306 and set a "hold" rating for the company in a research note on Tuesday, July 29th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Kingfisher in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft cut Kingfisher to a "hold" rating and reduced their target price for the company from GBX 320 to GBX 280 in a research note on Tuesday, August 26th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of GBX 296.40.

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 £5.26 billion, a price-to-earnings ratio of 2,885.35, 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 275.84 and a 200-day moving average of GBX 277.80.

Kingfisher (LON:KGF - Get Free Report) last posted 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, equities research analysts forecast that Kingfisher plc will post 23.6949924 earnings per share for the current fiscal year.

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.

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