Kingfisher (LON:KGF) Shares Cross Above 200-Day Moving Average - What's Next?

Shares of Kingfisher plc (LON:KGF - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 264.97 ($3.56) and traded as high as GBX 281.40 ($3.78). Kingfisher shares last traded at GBX 276.20 ($3.71), with a volume of 5,953,534 shares.

Analyst Upgrades and Downgrades

Separately, Barclays cut Kingfisher to an "underweight" rating and upped their price target for the stock from GBX 275 ($3.69) to GBX 280 ($3.76) in a report on Tuesday, May 20th.

Kingfisher Stock Performance

The firm's 50-day moving average price is GBX 287.98 and its two-hundred day moving average price is GBX 265.21. 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 stock has a market cap of £4.86 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 2.87 and a beta of 0.96.

Insider Buying and Selling at Kingfisher

In related news, insider Bill Lennie purchased 50,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was acquired at an average price of GBX 277 ($3.72) per share, for a total transaction of £138,500 ($185,955.96). 0.73% of the stock is owned by corporate insiders.

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.