tiprankstipranks
Kingfisher Executes Further Share Buyback to Enhance Shareholder Value
Company Announcements

Kingfisher Executes Further Share Buyback to Enhance Shareholder Value

Story Highlights

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

An announcement from Kingfisher ( (GB:KGF) ) is now available.

Kingfisher plc announced the purchase and cancellation of 1,625,279 ordinary shares from Goldman Sachs International as part of its ongoing £300 million share repurchase program. This transaction, conducted on January 31, 2025, is a continuation of Kingfisher’s efforts to increase shareholder value, reflecting its strategic focus on optimizing its capital structure and reinforcing its market position in the home improvement sector.

More about Kingfisher

Kingfisher plc operates in the home improvement retail industry, primarily providing products and services related to home renovation and DIY projects. The company focuses on markets in Europe, including the UK and Ireland, and is known for owning notable retail brands such as B&Q and Screwfix.

YTD Price Performance: -1.01%

Average Trading Volume: 6,040,196

Technical Sentiment Consensus Rating: Hold

Current Market Cap: £4.38B

See more data about KGF stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App