Kingfisher (LON:KGF) Share Price Crosses Above Two Hundred Day Moving Average of $227.89

Shares of Kingfisher plc (LON:KGF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 227.89 ($2.81) and traded as high as GBX 249.80 ($3.09). Kingfisher shares last traded at GBX 247 ($3.05), with a volume of 4,689,490 shares changing hands.

Analysts Set New Price Targets

Separately, HSBC raised shares of Kingfisher to a “buy” rating and set a GBX 305 ($3.77) price objective on the stock in a research note on Thursday, April 11th.

Kingfisher Trading Down 0.0 %

The business’s 50-day moving average price is GBX 237.45 and its two-hundred day moving average price is GBX 228.11. The company has a market capitalization of £4.62 billion, a P/E ratio of 1,372.22, a PEG ratio of 58.62 and a beta of 0.99. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.29 and a quick ratio of 0.27.

Kingfisher Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, May 16th will be given a GBX 8.60 ($0.11) dividend. This is a boost from Kingfisher’s previous dividend of $3.80. This represents a yield of 3.68%. The ex-dividend date is Thursday, May 16th. Kingfisher’s payout ratio is currently 6,666.67%.

About Kingfisher

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.