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Keller Group plc ( (GB:KLR) ) has shared an announcement.
Keller Group plc has announced the purchase of 91,132 of its ordinary shares as part of a share buyback program. The shares will be held in treasury, bringing the total number of treasury shares to 1,263,478, with 73,099,735 shares in issue. This move is part of Keller’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:KLR) stock is a Buy with a £1900.00 price target. To see the full list of analyst forecasts on Keller Group plc stock, see the GB:KLR Stock Forecast page.
Spark’s Take on GB:KLR Stock
According to Spark, TipRanks’ AI Analyst, GB:KLR is a Outperform.
Keller Group plc demonstrates strong financial performance with robust revenue growth and cash flow generation. The strategic share buyback program further enhances shareholder value, underlining management’s confidence. Despite caution advised due to negative technical indicators, the stock’s attractive valuation presents a potential opportunity for investors.
To see Spark’s full report on GB:KLR stock, click here.
More about Keller Group plc
Keller Group plc is the world’s largest geotechnical specialist contractor, offering a wide range of advanced foundation and ground improvement techniques for the construction sector. With approximately 10,000 employees and operations on five continents, Keller handles around 5,500 projects annually, generating an estimated revenue of £3 billion.
Average Trading Volume: 284,811
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.09B
Learn more about KLR stock on TipRanks’ Stock Analysis page.