Kingfisher (LON:KGF) Share Price Crosses Above 200-Day Moving Average - What's Next?

Kingfisher plc (LON:KGF - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 263.63 ($3.60) and traded as high as GBX 292.20 ($3.99). Kingfisher shares last traded at GBX 291.25 ($3.98), with a volume of 8,536,553 shares trading hands.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Kingfisher to an "underweight" rating and boosted their price objective for the company from GBX 275 ($3.75) to GBX 280 ($3.82) in a research report on Tuesday, May 20th.

Kingfisher Trading Down 1.7%

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 company has a market cap of £5.06 billion, a P/E ratio of 15.27, a PEG ratio of 2.87 and a beta of 0.96. The firm's 50 day moving average is GBX 288.41 and its two-hundred day moving average is GBX 263.88.

Insider Buying and Selling at Kingfisher

In other news, insider Bill Lennie acquired 50,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was purchased at an average price of GBX 277 ($3.78) per share, for a total transaction of £138,500 ($189,026.89). 0.73% of the stock is currently owned by corporate 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.