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Kingfisher ( (GB:KGF) ) has provided an announcement.
Kingfisher plc has announced the initiation of the third tranche of its share repurchase program, instructing Goldman Sachs International to manage the non-discretionary purchase of up to £75 million worth of its shares for cancellation. This move is part of a larger £300 million commitment to reduce the company’s share capital, with the current tranche set to conclude by November 21, 2025. The repurchase is designed to enhance shareholder value by decreasing the number of shares in circulation, aligning with regulatory guidelines and shareholder approvals.
The most recent analyst rating on (GB:KGF) stock is a Sell with a £2.80 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: 5,206,265
Technical Sentiment Signal: Strong Buy
Current Market Cap: £5.23B
See more data about KGF stock on TipRanks’ Stock Analysis page.