Kingfisher (OTCMKTS:KGFHY) Stock Price Up 0.3% - Here's What Happened

Key Points

• Kingfisher PLC's stock price increased by 0.3% to $7.28, with a significant decline in trading volume of 65% compared to its average session.
• The company recently announced a dividend increase to $0.203 per share, marking a substantial yield of 344.0%.
• Analyst ratings for Kingfisher are mixed, with two sell ratings, two hold ratings, and one buy rating, leading to an average rating of "Hold".

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) shares shot up 0.3% during mid-day trading on Monday . The stock traded as high as $7.32 and last traded at $7.28. 63,594 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 182,138 shares. The stock had previously closed at $7.26.

Analyst Ratings Changes

Several research firms recently commented on KGFHY. UBS Group initiated coverage on shares of Kingfisher in a research note on Monday, July 28th. They issued a "neutral" rating on the stock. Barclays lowered shares of Kingfisher from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, May 20th. Citigroup reiterated a "neutral" rating on shares of Kingfisher in a research report on Thursday, May 22nd. Finally, BNP Paribas upgraded Kingfisher to a "strong sell" rating in a research note on Thursday, May 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

Kingfisher Price Performance

The stock has a 50-day moving average of $7.46 and a 200 day moving average of $7.15.

Kingfisher Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, May 26th were given a $0.203 dividend. This is an increase from Kingfisher's previous dividend of $0.09. This represents a yield of 344.0%. The ex-dividend date was Friday, May 23rd.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.

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