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Kingfisher ( (GB:KGF) ) has issued an announcement.
Kingfisher plc has announced the purchase and cancellation of 802,036 ordinary shares from Goldman Sachs International as part of its ongoing £300 million share repurchase program. This transaction, conducted on the London Stock Exchange, marks a continuation of Kingfisher’s efforts to enhance shareholder value, having already purchased over 59 million shares in previous tranches of the program.
The most recent analyst rating on (GB:KGF) stock is a Hold with a £331.00 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 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: 5,772,170
Technical Sentiment Signal: Strong Buy
Current Market Cap: £5.23B
See more insights into KGF stock on TipRanks’ Stock Analysis page.