Kingfisher (LON:KGF) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Kingfisher plc (LON:KGF)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 307.26 and traded as high as GBX 349. Kingfisher shares last traded at GBX 344, with a volume of 293,414,125 shares.

Analyst Upgrades and Downgrades

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

Kingfisher Stock Performance

The company’s 50 day simple moving average is GBX 337.16 and its 200 day simple moving average is GBX 307.52. The company has a debt-to-equity ratio of 37.15, a quick ratio of 0.27 and a current ratio of 1.28. The stock has a market cap of £5.53 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 2.87 and a beta of 1.05.

Insider Buying and Selling

In other Kingfisher news, insider Lucinda Riches acquired 15,000 shares of the business’s stock in a transaction on Monday, January 12th. The shares were acquired at an average price of GBX 323 per share, with a total value of £48,450. Company insiders own 0.37% of the company’s stock.

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.