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Kingfisher ( (GB:KGF) ) has issued an announcement.
Kingfisher plc announced the repurchase of 429 ordinary shares as part of its £300 million share repurchase programme, launched on 25 March 2025. This recent transaction, executed with Morgan Stanley, marks progress in the fourth tranche of the programme, with an aggregate of 9,374,287 shares purchased for cancellation to date. The move reflects Kingfisher’s commitment to delivering shareholder value and improving its financial structure, signaling a proactive stance in managing equity-related matters within its industry.
The most recent analyst rating on (GB:KGF) stock is a Sell with a £255.00 price target. To see the full list of analyst forecasts on Kingfisher stock, see the GB:KGF Stock Forecast page.
Spark’s Take on GB:KGF Stock
According to Spark, TipRanks’ AI Analyst, GB:KGF is a Outperform.
Kingfisher’s overall stock score is driven by strong technical momentum and positive corporate actions like share buybacks. While financial performance is stable, challenges in revenue growth and high valuation metrics slightly offset the positives. The strategic initiatives and improved guidance from the earnings call further support the stock’s outlook.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Kingfisher plc is a prominent home improvement retailer primarily operating across Europe. The company provides a wide range of DIY and home improvement products, catering to both individual consumers and business customers.
Average Trading Volume: 6,881,077
Technical Sentiment Signal: Buy
Current Market Cap: £5.24B
For an in-depth examination of KGF stock, go to TipRanks’ Overview page.