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Kingfisher ( (GB:KGF) ) has provided an announcement.
Kingfisher plc has announced the purchase and cancellation of 850,000 ordinary shares as part of its £300 million capital return programme. This transaction, executed through BNP Paribas SA, marks a continuation of Kingfisher’s strategic efforts to enhance shareholder value, having already cancelled over 22 million shares in previous tranches.
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 Outperform.
Kingfisher’s overall stock score is bolstered by positive technical indicators and an active capital return program, despite challenges in revenue growth and a high P/E ratio. The stock’s robust dividend yield and strategic initiatives in e-commerce and trade provide a balanced risk-reward profile for investors.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Average Trading Volume: 7,401,477
Technical Sentiment Signal: Strong Buy
Current Market Cap: £5.02B
Find detailed analytics on KGF stock on TipRanks’ Stock Analysis page.