Kingfisher (LON:KGF) Share Price Breaks Above 200-Day Moving Average - Here's Why

Key Points

• Kingfisher shares broke above their 200-day moving average, reaching GBX 330.50 and closing at GBX 328.20, compared with the average of GBX 298.67.
• Analyst sentiment remains cautious: two analysts rate the stock Buy and five rate it Hold, producing a consensus Hold rating and a GBX 316.71 price target.
• The company reported quarterly EPS of GBX 17.80, while insider Thierry Garnier sold 732,309 shares at GBX 329 each; insiders own 0.44% of the company.

Kingfisher plc (LON:KGF - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 298.67 and traded as high as GBX 330.50. Kingfisher shares last traded at GBX 328.20, with a volume of 7,521,672 shares.

Wall Street Analyst Weigh In

KGF has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 350 price target on shares of Kingfisher in a report on Friday, July 10th. Berenberg Bank upped their price objective on Kingfisher from GBX 295 to GBX 320 and gave the stock a "hold" rating in a research report on Wednesday, September 23rd. Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Kingfisher to a "hold" rating and raised their price target for the company from GBX 300 to GBX 330 in a research report on Friday, October 2nd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of GBX 316.71.

Kingfisher Price Performance

The company has a quick ratio of 0.27, a current ratio of 1.23 and a debt-to-equity ratio of 38.32. The stock's 50-day moving average price is GBX 317.64 and its 200 day moving average price is GBX 298.67. The firm has a market capitalization of £5.36 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.87 and a beta of 1.13.

Kingfisher (LON:KGF - Get Free Report) last announced its quarterly earnings results on Tuesday, September 22nd. The home improvement retailer reported GBX 17.80 earnings per share for the quarter. Kingfisher had a net margin of 2.29% and a return on equity of 4.86%. Equities research analysts expect that Kingfisher plc will post 23.69 earnings per share for the current fiscal year.

Kingfisher declared that its board has approved a share buyback plan on Tuesday, September 22nd that authorizes the company to buy back 0 outstanding shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Share repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Kingfisher news, insider Thierry Garnier sold 732,309 shares of Kingfisher stock in a transaction dated Friday, September 25th. The shares were sold at an average price of GBX 329, for a total transaction of £2,409,296.61. 0.44% of the stock is currently owned by company insiders.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,800 stores, supported by a team of more than 70,000 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.

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