Thierry Garnier Sells 382,415 Shares of Kingfisher plc (LON:KGF) Stock

Kingfisher plc (LON:KGF) insider Thierry Garnier sold 382,415 shares of Kingfisher stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of GBX 324 ($4.34), for a total value of £1,239,024.60 ($1,659,111.68).

Kingfisher Price Performance

Shares of KGF opened at GBX 325 ($4.35) on Friday. The firm has a market cap of £5.95 billion, a PE ratio of 1,805.56, a price-to-earnings-growth ratio of 3.61 and a beta of 0.95. Kingfisher plc has a 52-week low of GBX 198.30 ($2.66) and a 52-week high of GBX 333.50 ($4.47). The business’s 50 day moving average price is GBX 285.09 and its two-hundred day moving average price is GBX 262.07. 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 business also recently announced a dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 10th will be given a dividend of GBX 3.80 ($0.05) per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a dividend yield of 1.31%. Kingfisher’s payout ratio is presently 6,666.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KGF shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Kingfisher from GBX 310 ($4.15) to GBX 350 ($4.69) and gave the stock a “buy” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Kingfisher in a report on Friday, July 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 250 ($3.35) price target on shares of Kingfisher in a research report on Friday, July 12th.

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.