Kingfisher plc (LON:KGF – Get Free Report)’s stock price rose 11.2% on Tuesday following a dividend announcement from the company. The company traded as high as GBX 322.90 ($4.27) and last traded at GBX 322.90 ($4.27). Approximately 10,613,341 shares changed hands during trading, an increase of 25% from the average daily volume of 8,457,933 shares. The stock had previously closed at GBX 290.30 ($3.83).
The newly announced dividend which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be issued a GBX 3.80 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 1.31%. Kingfisher’s dividend payout ratio (DPR) is presently 6,666.67%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on KGF. Deutsche Bank Aktiengesellschaft raised Kingfisher to a “buy” rating and increased their price target for the company from GBX 245 ($3.24) to GBX 310 ($4.10) in a research report on Tuesday, July 9th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 250 ($3.30) target price on shares of Kingfisher in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Kingfisher in a report on Friday, July 12th.
Kingfisher Stock Performance
The firm has a market capitalization of £5.91 billion, a price-to-earnings ratio of 1,757.22, a PEG ratio of 3.04 and a beta of 0.95. The company has a debt-to-equity ratio of 37.49, a quick ratio of 0.27 and a current ratio of 1.29. The company has a 50-day moving average price of GBX 274.98 and a 200-day moving average price of GBX 256.82.
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.
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