Kingfisher (LON:KGF) Stock Passes Above Two Hundred Day Moving Average of $252.43

Kingfisher plc (LON:KGF)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 252.43 ($3.33) and traded as high as GBX 286 ($3.77). Kingfisher shares last traded at GBX 283 ($3.73), with a volume of 3,257,289 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Kingfisher to a “buy” rating and lifted their price objective for the stock from GBX 245 ($3.23) to GBX 310 ($4.09) in a research report on Tuesday, July 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 250 ($3.30) price objective on shares of Kingfisher in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Kingfisher in a research report on Friday, July 12th.

Kingfisher Price Performance

The company’s 50 day moving average is GBX 269.14 and its 200 day moving average is GBX 252.89. 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 stock has a market capitalization of £5.20 billion, a price-to-earnings ratio of 1,578.89, a price-to-earnings-growth ratio of 3.18 and a beta of 0.98.

About Kingfisher

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.