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Kingfisher ( (GB:KGF) ) has shared an update.
Kingfisher PLC has announced the purchase and cancellation of 1.7 million ordinary shares as part of its £300 million capital return programme. This transaction, executed with BNP Paribas SA, marks a continuation of Kingfisher’s strategic initiative to return capital to shareholders, potentially enhancing shareholder value and reflecting confidence in the company’s financial health.
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 stock is supported by strong cash generation and shareholder returns, but faces challenges with weak sales, high valuation, and negative technical indicators.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Kingfisher PLC operates in the retail industry, primarily focusing on home improvement products and services. The company is known for its market presence in Europe, particularly through its well-known brands such as B&Q, Castorama, and Screwfix.
Average Trading Volume: 7,041,634
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.8B
For detailed information about KGF stock, go to TipRanks’ Stock Analysis page.