Kingfisher (OTCMKTS:KGFHY) Trading Up 2.2% - What's Next?

Shares of Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report) shot up 2.2% during mid-day trading on Tuesday . The company traded as high as $7.54 and last traded at $7.52. 39,171 shares changed hands during trading, a decline of 41% from the average session volume of 66,345 shares. The stock had previously closed at $7.36.

Wall Street Analysts Forecast Growth

KGFHY has been the subject of a number of research analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Kingfisher in a research report on Thursday, May 22nd. BNP Paribas raised Kingfisher to a "strong sell" rating in a research report on Thursday, May 29th. Barclays cut Kingfisher from an "equal weight" rating to an "underweight" rating in a report on Tuesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kingfisher in a research note on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold".

Kingfisher Stock Performance

The business has a 50 day simple moving average of $7.65 and a 200-day simple moving average of $6.78.

Kingfisher Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, May 26th will be issued a dividend of $0.203 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 3.44%. This is an increase from Kingfisher's previous dividend of $0.09.

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.