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Kingfisher ( (GB:KGF) ) just unveiled an announcement.
Kingfisher PLC has announced the purchase and cancellation of 190,930 ordinary shares from BNP Paribas SA as part of its £300 million capital return programme. This transaction, executed on the London Stock Exchange, is part of Kingfisher’s ongoing efforts to return capital to shareholders, having already purchased over 32 million shares in total from BNP Paribas and Goldman Sachs International. The move is expected to enhance shareholder value and reflects Kingfisher’s commitment to efficient capital management.
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 stock score is driven by a strong balance sheet and shareholder-friendly initiatives such as buybacks. However, the declining revenue and profitability, coupled with technical indicators showing bearish trends, lower the score. Valuation concerns due to a high P/E ratio also weigh on the overall assessment.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Average Trading Volume: 6,969,388
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.85B
See more data about KGF stock on TipRanks’ Stock Analysis page.