Kingfisher (LON:KGF) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

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 262.35 ($3.58) and traded as high as GBX 277.80 ($3.80). Kingfisher shares last traded at GBX 277.20 ($3.79), with a volume of 4,687,322 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Kingfisher to an “underweight” rating and lifted their price target for the company from GBX 275 ($3.76) to GBX 280 ($3.83) in a research report on Tuesday, May 20th.

Kingfisher Price Performance

The stock’s 50-day moving average is GBX 285.59 and its 200-day moving average is GBX 262.35. The firm has a market cap of £4.90 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 7.12.

Kingfisher (LON:KGF) last posted its quarterly earnings results on Tuesday, March 25th. The home improvement retailer reported GBX 20.70 ($0.28) earnings per share for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. As a group, equities analysts anticipate that Kingfisher plc will post 23.6949924 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kingfisher news, insider Bill Lennie purchased 50,000 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were purchased at an average price of GBX 277 ($3.78) per share, for a total transaction of £138,500 ($189,233.50). Corporate insiders own 0.73% of the company’s stock.

About Kingfisher

Kingfisher plc is an international home improvement company with over 2,000 stores, supported by a team of over 78,000 colleagues. We operate in eight 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.