Kingfisher (LON:KGF) Shares Pass Above 200 Day Moving Average – What’s Next?

Kingfisher plc (LON:KGF) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 303.12 and traded as high as GBX 316.80. Kingfisher shares last traded at GBX 309.30, with a volume of 6,693,122 shares changing hands.

Analyst Upgrades and Downgrades

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

Kingfisher Price Performance

The company has a debt-to-equity ratio of 38.02, a quick ratio of 0.27 and a current ratio of 1.21. The company has a market cap of £4.89 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.87 and a beta of 1.13. The firm has a 50 day moving average price of GBX 303.76 and a two-hundred day moving average price of GBX 302.71.

Kingfisher Company Profile

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.