Kingfisher (LON:KGF) Shares Pass Above 200 Day Moving Average of $227.89

Kingfisher plc (LON:KGF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 227.89 ($2.81) and traded as high as GBX 249.80 ($3.09). Kingfisher shares last traded at GBX 247 ($3.05), with a volume of 4,689,490 shares.

Wall Street Analysts Forecast Growth

Separately, HSBC raised Kingfisher to a “buy” rating and set a GBX 305 ($3.77) price objective on the stock in a report on Thursday, April 11th.

Kingfisher Stock Down 0.0 %

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 business has a 50-day moving average price of GBX 237.06 and a 200-day moving average price of GBX 227.89. The firm has a market cap of £4.62 billion, a P/E ratio of 1,372.22, a P/E/G ratio of 58.62 and a beta of 0.99.

Kingfisher Increases Dividend

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