Kingfisher plc (LON:KGF – Get Free Report) shares traded up 11.2% during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as GBX 322.90 ($4.27) and last traded at GBX 322.90 ($4.27). 10,613,341 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 8,457,933 shares. The stock had previously closed at GBX 290.30 ($3.83).
The newly announced dividend which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be paid a GBX 3.80 ($0.05) dividend. This represents a yield of 1.31%. The ex-dividend date of this dividend is Thursday, October 10th. Kingfisher’s dividend payout ratio is presently 6,666.67%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on KGF. Jefferies Financial Group reissued a “hold” rating and set a GBX 250 ($3.30) target price on shares of Kingfisher in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft upgraded Kingfisher to a “buy” rating and raised their price objective for the company from GBX 245 ($3.24) to GBX 310 ($4.10) in a report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Kingfisher in a research note on Friday, July 12th.
Kingfisher Stock Performance
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 stock has a 50-day moving average of GBX 274.98 and a 200 day moving average of GBX 256.82. The stock has a market cap of £5.91 billion, a PE ratio of 1,757.22, a P/E/G ratio of 3.04 and a beta of 0.95.
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.
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