Kingfisher (OTCMKTS:KGFHY) Stock Price Up 0.6% - Here's Why

Key Points

• Kingfisher PLC shares increased by 0.6% to $7.91, although trading volume fell significantly to 48,748 shares, indicating reduced market activity.
• Recent analyst reports show a mixed outlook, with UBS issuing a "neutral" rating and Deutsche Bank downgrading its rating from "buy" to "hold," leading to a consensus rating of "Reduce".
• The company declared a dividend of $0.0908, set to yield an extraordinary 369.0%, with payment scheduled for November 19th for stockholders of record as of October 13th.

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) shares rose 0.6% on Tuesday . The company traded as high as $7.98 and last traded at $7.91. Approximately 48,748 shares traded hands during trading, a decline of 71% from the average daily volume of 168,339 shares. The stock had previously closed at $7.86.

Analyst Ratings Changes

KGFHY has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Kingfisher in a report on Monday, July 28th. They issued a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher from a "buy" rating to a "hold" rating in a report on Tuesday, August 26th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce".

Kingfisher Stock Up 0.6%

The business's 50 day moving average price is $7.35 and its 200-day moving average price is $7.41.

Kingfisher Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, October 13th will be paid a $0.0908 dividend. This represents a dividend yield of 369.0%. The ex-dividend date of this dividend is Friday, October 10th.

About Kingfisher

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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