Kingfisher (LON:KGF) Stock Price Down 13.3% - Should You Sell?

Kingfisher plc (LON:KGF - Get Free Report) fell 13.3% during mid-day trading on Monday . The company traded as low as GBX 252.20 ($3.17) and last traded at GBX 255.59 ($3.21). 122,939,156 shares traded 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 ($3.70).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kingfisher from GBX 310 ($3.89) to GBX 350 ($4.40) and gave the company a "buy" rating in a research report on Wednesday, September 18th.

Kingfisher Stock Performance

The company has a market capitalization of £4.66 billion, a PE ratio of 1,421.11, a PEG ratio of 2.87 and a beta of 0.96. The business's 50-day moving average is GBX 305.21 and its 200-day moving average is 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 company also recently announced a dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 10th were issued a GBX 3.80 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, October 10th. This represents a yield of 1.31%. Kingfisher's dividend payout ratio (DPR) is presently 6,666.67%.

Insiders Place Their Bets

In other Kingfisher news, insider Thierry Garnier sold 382,415 shares of Kingfisher stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of GBX 324 ($4.07), for a total value of £1,239,024.60 ($1,556,172.57). Corporate insiders own 0.73% of the company's stock.

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.