Kingfisher (LON:KGF) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

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 274.37 ($3.70) and traded as high as GBX 308.70 ($4.16). Kingfisher shares last traded at GBX 308.60 ($4.16), with a volume of 5,753,718 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Kingfisher in a research note on Wednesday, July 30th. Canaccord Genuity Group raised their target price on shares of Kingfisher from GBX 306 to GBX 331 and gave the company a “hold” rating in a research note on Tuesday, September 23rd. Citigroup lowered their target price on shares of Kingfisher from GBX 300 to GBX 285 and set a “neutral” rating on the stock in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft lowered shares of Kingfisher to a “hold” rating and decreased their price target for the stock from GBX 320 to GBX 280 in a research report on Tuesday, August 26th. Finally, Berenberg Bank decreased their price target on shares of Kingfisher from GBX 312 to GBX 306 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of GBX 296.40.

Kingfisher Stock Down 0.0%

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 company has a market capitalization of £5.36 billion, a price-to-earnings ratio of 3,117.17, a price-to-earnings-growth ratio of 2.87 and a beta of 0.96. The firm’s 50-day simple moving average is GBX 268.97 and its 200-day simple moving average is GBX 274.37.

Kingfisher (LON:KGF) last released its quarterly earnings data on Tuesday, September 23rd. The home improvement retailer reported GBX 15.30 EPS for the quarter. Kingfisher had a net margin of 2.68% and a return on equity of 5.23%. Sell-side analysts forecast that Kingfisher plc will post 23.6949924 earnings per share for the current year.

Kingfisher Company Profile

Kingfisher plc is an international home improvement company with over 1,900 stores, supported by a team of c.76,000 colleagues. We operate in seven countries across Europe under retail banners including B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint and Koçta?. We offer home improvement products and services to consumers and trade professionals who shop in our stores and via our e-commerce channels.