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Kingfisher ( (GB:KGF) ) just unveiled an update.
Kingfisher PLC has announced the purchase and cancellation of 452,543 ordinary shares as part of its £300 million capital return programme. This transaction, conducted through BNP Paribas SA, marks a continuation of the company’s efforts to return capital to shareholders, having already acquired over 33 million shares in total from BNP Paribas and Goldman Sachs International.
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 reflects a balanced outlook. Strengths include a solid balance sheet, strong cash generation, and strategic share buybacks. However, profitability pressures, declining sales, and high valuation metrics weigh on the score.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Average Trading Volume: 6,710,465
Technical Sentiment Signal: Strong Buy
Current Market Cap: £4.82B
For an in-depth examination of KGF stock, go to TipRanks’ Overview page.