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

Kingfisher plc (LON:KGF) insider Thierry Garnier sold 382,415 shares of the 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 Stock Up 0.0 %

KGF stock opened at GBX 325 ($4.35) on Friday. The firm has a market capitalization of £5.95 billion, a PE ratio of 1,805.56, a P/E/G ratio of 3.61 and a beta of 0.95. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 37.01. Kingfisher plc has a twelve month low of GBX 198.30 ($2.66) and a twelve month high of GBX 333.50 ($4.47). The stock’s 50 day moving average is GBX 285.09 and its 200-day moving average is GBX 262.07.

Kingfisher Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be paid 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 dividend payout ratio (DPR) is presently 6,666.67%.

Wall Street Analyst Weigh In

KGF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upped their target price on 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. Jefferies Financial Group restated a “hold” rating and set a GBX 250 ($3.35) price objective on shares of Kingfisher in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Kingfisher in a 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.