Kingfisher (LON:KGF) Shares Pass Above 200 Day Moving Average – Here’s Why

Kingfisher plc (LON:KGF)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 291.66 and traded as high as GBX 320.40. Kingfisher shares last traded at GBX 317.56, with a volume of 5,040,621 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of Kingfisher from GBX 294 to GBX 303 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Berenberg Bank upped their price objective on Kingfisher from GBX 331 to GBX 334 and gave the company a “hold” rating in a research report on Tuesday, November 25th. Canaccord Genuity Group lifted their target price on Kingfisher from GBX 306 to GBX 331 and gave the stock a “hold” rating in a report on Tuesday, September 23rd. Peel Hunt restated an “add” rating and issued a GBX 320 price target on shares of Kingfisher in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Kingfisher from GBX 280 to GBX 285 and gave the company a “hold” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of GBX 309.14.

Kingfisher Stock Up 0.8%

The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12. The company has a market cap of £5.45 billion, a PE ratio of 30.45, a PEG ratio of 2.87 and a beta of 0.96. The company’s fifty day moving average is GBX 309.32 and its 200-day moving average is GBX 291.66.

Insider Activity

In other news, insider Lucinda Riches acquired 15,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was bought at an average price of GBX 323 per share, with a total value of £48,450. 0.35% 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 c.73,000 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.