Kingfisher (LON:KGF) Stock Passes Above 200-Day Moving Average of $234.47

Kingfisher plc (LON:KGF - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 234.47 ($2.98) and traded as high as GBX 263.70 ($3.35). Kingfisher shares last traded at GBX 260.30 ($3.31), with a volume of 7,961,731 shares traded.

Analysts Set New Price Targets

Separately, HSBC upgraded shares of Kingfisher to a "buy" rating and set a GBX 305 ($3.88) target price for the company in a research note on Thursday, April 11th.

Kingfisher Price Performance

The business's 50-day moving average price is GBX 247.98 and its 200 day moving average price is GBX 234.47. The company has a quick ratio of 0.27, a current ratio of 1.29 and a debt-to-equity ratio of 37.49. The company has a market capitalization of £4.81 billion, a P/E ratio of 1,446.11, a price-to-earnings-growth ratio of 61.47 and a beta of 0.99.

Kingfisher Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, May 16th will be given a GBX 8.60 ($0.11) dividend. This is a positive change from Kingfisher's previous dividend of $3.80. This represents a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, May 16th. Kingfisher's dividend payout ratio (DPR) is 6,666.67%.

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.