Kingfisher (LON:KGF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kingfisher plc (LON:KGF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 297.25 and traded as high as GBX 350.50. Kingfisher shares last traded at GBX 347, with a volume of 4,845,000 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KGF shares. Berenberg Bank increased their price objective on shares of Kingfisher from GBX 331 to GBX 334 and gave the stock a “hold” rating in a research report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft increased their price target on Kingfisher from GBX 280 to GBX 285 and gave the stock a “hold” rating in a report on Tuesday, November 18th. Citigroup boosted their price objective on Kingfisher from GBX 300 to GBX 311 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Peel Hunt reaffirmed an “add” rating and set a GBX 320 target price on shares of Kingfisher in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group lifted their price target on shares of Kingfisher from GBX 294 to GBX 303 and gave the company a “hold” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of GBX 309.14.

Kingfisher Price Performance

The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.27 and a current ratio of 1.26. The business has a 50 day simple moving average of GBX 319.50 and a 200-day simple moving average of GBX 297.25. The firm has a market cap of £5.87 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 2.87 and a beta of 0.96.

Insider Activity

In related news, insider Lucinda Riches purchased 15,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average price of GBX 323 per share, for a total transaction of £48,450. 0.37% of the stock is currently owned by insiders.

About Kingfisher

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.