Kingfisher (LON:KGF) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kingfisher plc (LON:KGF)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 304.74 and traded as high as GBX 326.40. Kingfisher shares last traded at GBX 320.40, with a volume of 400,469,531 shares traded.

Analyst Ratings Changes

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

Kingfisher Trading Up 0.3%

The stock has a market cap of £5.26 billion, a PE ratio of 23.28, a P/E/G ratio of 2.87 and a beta of 1.13. The business’s fifty day moving average is GBX 298.35 and its 200 day moving average is GBX 304.85. The company has a quick ratio of 0.27, a current ratio of 1.21 and a debt-to-equity ratio of 38.02.

About Kingfisher

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.