Kingfisher (LON:KGF) Stock Crosses Above 200 Day Moving Average of $226.76

Kingfisher plc (LON:KGF) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 226.76 ($2.82) and traded as high as GBX 248.20 ($3.09). Kingfisher shares last traded at GBX 248.20 ($3.09), with a volume of 3,464,516 shares trading hands.

Analyst Ratings Changes

Separately, HSBC raised shares of Kingfisher to a “buy” rating and set a GBX 305 ($3.80) target price for the company in a research report on Thursday, April 11th.

Kingfisher Price Performance

The stock has a market cap of £4.58 billion, a P/E ratio of 1,378.89, a price-to-earnings-growth ratio of 58.62 and a beta of 0.99. The company has a quick ratio of 0.27, a current ratio of 1.29 and a debt-to-equity ratio of 37.49. The business’s 50-day simple moving average is GBX 234.26 and its two-hundred day simple moving average is GBX 226.76.

Kingfisher Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, May 16th will be issued a GBX 8.60 ($0.11) dividend. The ex-dividend date is Thursday, May 16th. This is an increase from Kingfisher’s previous dividend of $3.80. This represents a yield of 3.68%. 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.