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An announcement from Kingfisher ( (GB:KGF) ) is now available.
Kingfisher plc has completed the second tranche of its £300 million share repurchase program, purchasing 18,118,306 shares for £50 million through BNP Paribas SA. This completion brings the total amount returned to shareholders to £100 million, with further details on the third tranche expected soon.
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 score reflects a balance between a stable financial position and challenges in revenue growth and market conditions. The stock’s strong dividend yield and share buybacks offer support, but technical and valuation metrics suggest caution.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Average Trading Volume: 6,677,995
Technical Sentiment Signal: Buy
Current Market Cap: £4.77B
Learn more about KGF stock on TipRanks’ Stock Analysis page.