Kingfisher (LON:KGF) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Kingfisher plc (LON:KGFGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 304.99 and traded as high as GBX 326.30. Kingfisher shares last traded at GBX 322.41, with a volume of 5,271,374 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 295 price target on shares of Kingfisher in a research report on Wednesday, May 27th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 291 price objective on shares of Kingfisher in a research note on Monday, July 27th. UBS Group reissued a “neutral” rating and issued a GBX 295 price objective on shares of Kingfisher in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “sell” rating and set a GBX 260 target price on shares of Kingfisher in a report on Wednesday, May 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 350 price target on shares of Kingfisher in a report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 306.62.

Check Out Our Latest Analysis on Kingfisher

Kingfisher Price Performance

The firm has a market capitalization of £5.36 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.87 and a beta of 1.13. The stock’s fifty day simple moving average is GBX 293.51 and its 200 day simple moving average is GBX 305.03. The company has a debt-to-equity ratio of 38.02, a current ratio of 1.21 and a quick ratio of 0.27.

Kingfisher Company Profile

(Get Free Report)

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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