Kingfisher Continues £300m Buyback With Latest Share Cancellation

An announcement from Kingfisher ( (GB:KGF) ) is now available.

Kingfisher has continued to execute its £300 million share repurchase programme, buying 25,000 ordinary shares for cancellation on 23 February 2026 at a volume-weighted average price of £3.5794. The latest purchase, conducted via Goldman Sachs International on the London Stock Exchange, forms part of the fifth tranche of buybacks, bringing the total number of shares cancelled under the current and prior tranches into the tens of millions and signalling ongoing efforts to return capital to shareholders and optimise its capital structure.

Across the five tranches executed so far, Kingfisher has repurchased significant volumes of stock from multiple counterparties, including Goldman Sachs, BNP Paribas and Morgan Stanley. The cumulative cancellations reduce the company’s share count, which may enhance earnings per share and underline management’s confidence in the business, while providing continued support to the share price amid the broader European retail and home improvement market environment.

The most recent analyst rating on (GB:KGF) stock is a Hold with a £385.00 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 driven by strong technical momentum and positive corporate actions like share buybacks. While financial performance is stable, challenges in revenue growth and high valuation metrics slightly offset the positives. The strategic initiatives and improved guidance from the earnings call further support the stock’s outlook.

To see Spark’s full report on GB:KGF stock, click here.

More about Kingfisher

Kingfisher plc is a UK-listed home improvement retail group operating multiple banners across Europe. The company focuses on DIY, trade, and home improvement products, serving both consumer and professional customers in key markets such as the UK and France.

Average Trading Volume: 6,118,548

Technical Sentiment Signal: Buy

Current Market Cap: £6.07B

See more data about KGF stock on TipRanks’ Stock Analysis page.