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The latest update is out from Kingfisher ( (GB:KGF) ).
Kingfisher PLC has executed a share buyback as part of its £300 million repurchase program, acquiring 1,260,435 ordinary shares for cancellation from Goldman Sachs International. This transaction, part of the third tranche of the program, reflects Kingfisher’s ongoing efforts to enhance shareholder value and optimize its capital structure.
The most recent analyst rating on (GB:KGF) stock is a Sell with a £2.85 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 stable financial position and strong earnings call performance, with raised guidance and strategic growth initiatives. However, technical indicators show mixed signals, and valuation metrics suggest potential overvaluation. The subdued market in France and anticipated cost headwinds in H2 are notable risks.
To see Spark’s full report on GB:KGF stock, click here.
More about Kingfisher
Average Trading Volume: 5,450,110
Technical Sentiment Signal: Strong Buy
Current Market Cap: £5.13B
See more insights into KGF stock on TipRanks’ Stock Analysis page.