Kingfisher (LON:KGF) Shares Down 13.3% – Here’s Why

Posted by Joseph Griffin on Nov 25th, 2024

Kingfisher plc (LON:KGF – Get Free Report)’s share price traded down 13.3% on Monday . The company traded as low as GBX 252.20 ($3.18) and last traded at GBX 255.59 ($3.22). 122,939,156 shares changed hands during trading, an increase of 1,347% from the average session volume of 8,495,856 shares. The stock had previously closed at GBX 294.66 ($3.71).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Kingfisher from GBX 310 ($3.90) to GBX 350 ($4.41) and gave the stock a “buy” rating in a research report on Wednesday, September 18th.

Read Our Latest Stock Analysis on Kingfisher

Kingfisher Stock Down 13.3 %

The company has a market capitalization of £4.65 billion, a price-to-earnings ratio of 1,638.33, a PEG ratio of 2.87 and a beta of 0.96. The business has a 50-day simple moving average of GBX 305.21 and a two-hundred day simple moving average of GBX 279.24. The company has a debt-to-equity ratio of 37.01, a quick ratio of 0.27 and a current ratio of 1.26.

Kingfisher Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 10th were paid a dividend of GBX 3.80 ($0.05) per share. This represents a dividend yield of 1.31%. The ex-dividend date was Thursday, October 10th. Kingfisher’s dividend payout ratio (DPR) is 6,666.67%.

Insider Transactions at Kingfisher

In related news, insider Thierry Garnier sold 382,415 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of GBX 324 ($4.08), for a total value of £1,239,024.60 ($1,560,287.87). Company insiders own 0.73% of the company’s stock.

About Kingfisher

(Get Free Report)

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.