Kingfisher (LON:KGF) Shares Pass Above Two Hundred Day Moving Average of $225.60

Shares of Kingfisher plc (LON:KGF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 225.60 ($2.86) and traded as high as GBX 244.50 ($3.09). Kingfisher shares last traded at GBX 244.20 ($3.09), with a volume of 4,191,665 shares traded.

Analysts Set New Price Targets

Separately, HSBC upgraded shares of Kingfisher to a “buy” rating and set a GBX 305 ($3.86) price objective for the company in a research report on Thursday.

Kingfisher Trading Up 2.4 %

The company has a debt-to-equity ratio of 37.49, a current ratio of 1.29 and a quick ratio of 0.27. The business’s 50-day moving average price is GBX 230.53 and its two-hundred day moving average price is GBX 225.71. The company has a market capitalization of £4.64 billion, a price-to-earnings ratio of 1,377.78, a P/E/G ratio of 58.63 and a beta of 1.00.

Kingfisher Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, May 16th will be paid a GBX 8.60 ($0.11) dividend. This represents a yield of 3.68%. This is a boost from Kingfisher’s previous dividend of $3.80. The ex-dividend date is Thursday, May 16th. Kingfisher’s dividend payout ratio (DPR) is 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. The company also offers property investment, finance, digital, sourcing, and IT services. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands.