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Keller Group plc ( (GB:KLR) ) has provided an announcement.
Keller Group plc has announced the purchase of 23,895 of its ordinary shares through Investec Bank plc as part of its ongoing share buyback program. The shares were purchased at a weighted average price of 1,625.7179 pence and will be held in treasury, increasing the total number of treasury shares to 2,615,299. 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 £1786.00 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 profitability, supported by effective cash management. The technical analysis indicates bullish momentum, and the valuation suggests the stock is undervalued, making it an attractive investment. The share buyback program further enhances shareholder value, although it is not factored into the weighted score due to its separate categorization.
To see Spark’s full report on GB:KLR stock, click here.
More about Keller Group plc
Average Trading Volume: 125,424
Technical Sentiment Signal: Buy
Current Market Cap: £1.12B
For a thorough assessment of KLR stock, go to TipRanks’ Stock Analysis page.