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

Kingfisher plc (LON:KGF) crossed 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.

Wall Street Analysts Forecast Growth

Separately, HSBC upgraded shares of Kingfisher to a “buy” rating and set a GBX 305 ($3.80) price objective on the stock in a report on Thursday, April 11th.

Kingfisher Stock Down 1.0 %

The firm has a market capitalization of £4.59 billion, a PE ratio of 1,364.44, a price-to-earnings-growth ratio of 58.62 and a beta of 0.99. The company has a current ratio of 1.29, a quick ratio of 0.27 and a debt-to-equity ratio of 37.49. The firm has a 50-day moving average of GBX 234.81 and a two-hundred day moving average of GBX 226.96.

Kingfisher Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, May 16th will be issued a GBX 8.60 ($0.11) dividend. This represents a dividend yield of 3.68%. This is an increase 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%.

Kingfisher Company Profile

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.