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Kingfisher ( (GB:KGF) ) has shared an update.
Kingfisher plc has announced the purchase and cancellation of 247,000 ordinary shares from BNP Paribas SA as part of its ongoing £300 million capital return program. This transaction, conducted on the London Stock Exchange, is part of the second tranche of the program, with a total of 2,465,000 shares purchased from BNP Paribas SA to date. The move is expected to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and demonstrating the company’s commitment to returning capital to shareholders.
The most recent analyst rating on (GB:KGF) stock is a Hold with a £330.00 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 Neutral.
Kingfisher’s overall stock score is influenced primarily by stable financial performance and strategic shareholder returns. However, valuation concerns and mixed technical indicators present potential risks that investors should consider.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Average Trading Volume: 7,518,812
Technical Sentiment Signal: Strong Buy
Current Market Cap: £5.08B
Find detailed analytics on KGF stock on TipRanks’ Stock Analysis page.