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.
Get Our Latest Analysis on Kingfisher
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
(
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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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