Shares of Kingfisher plc (LON:KGF – Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 270.93 ($3.52) and traded as high as GBX 314.60 ($4.08). Kingfisher shares last traded at GBX 311.40 ($4.04), with a volume of 2,768,303 shares.
Analyst Upgrades and Downgrades
KGF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kingfisher from GBX 310 ($4.02) to GBX 350 ($4.54) and gave the stock a “buy” rating in a report on Wednesday, September 18th. Jefferies Financial Group restated a “hold” rating and issued a GBX 250 ($3.25) price objective on shares of Kingfisher in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Kingfisher in a report on Friday, July 12th.
View Our Latest Analysis on Kingfisher
Kingfisher Stock Performance
Kingfisher Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be paid a dividend of GBX 3.80 ($0.05) per share. This represents a yield of 1.31%. The ex-dividend date of this dividend is Thursday, October 10th. Kingfisher’s payout ratio is currently 6,666.67%.
Insider Buying and Selling
In related news, insider Thierry Garnier sold 382,415 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of GBX 324 ($4.21), for a total transaction of £1,239,024.60 ($1,608,705.01). 0.73% of the stock is owned by insiders.
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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