Kingfisher plc (LON:KGF – Get Free Report) shares shot up 11.2% on Tuesday after the company announced a dividend. The company traded as high as GBX 322.90 ($4.27) and last traded at GBX 322.90 ($4.27). 10,613,341 shares were traded 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. Shareholders of record on Thursday, October 10th will be issued a dividend of GBX 3.80 ($0.05) per share. This represents a yield of 1.31%. The ex-dividend date of this dividend is Thursday, October 10th. Kingfisher’s payout ratio is presently 6,666.67%.
Analyst Upgrades and Downgrades
KGF has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 250 ($3.30) price objective on shares of Kingfisher in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lifted their target price on Kingfisher from GBX 310 ($4.10) to GBX 350 ($4.62) and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Kingfisher in a research note on Friday, July 12th.
Kingfisher Stock Performance
The stock has a 50-day simple moving average of GBX 276.43 and a 200-day simple moving average of GBX 257.52. The company has a debt-to-equity ratio of 37.49, a current ratio of 1.29 and a quick ratio of 0.27. The stock has a market cap of £5.98 billion, a P/E ratio of 1,814.44, a PEG 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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