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Kingfisher ( (GB:KGF) ) just unveiled an announcement.
Kingfisher plc has announced the purchase and cancellation of 640,000 ordinary shares from BNP Paribas SA as part of its £300 million capital return programme. This transaction is part of the second tranche of the programme, following a previous purchase of 17,932,871 shares from Goldman Sachs International. The move is expected to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share.
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 stable financial foundation and strategic initiatives like share buybacks and strong cash generation are positive, but challenges in revenue growth and profitability, particularly in international markets, weigh on the stock’s outlook. The technical analysis indicates limited momentum, and the stock’s valuation is relatively high.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Average Trading Volume: 7,486,762
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.88B
For detailed information about KGF stock, go to TipRanks’ Stock Analysis page.