Keller Group Enhances Share Buyback Program with Recent Purchase

The latest update is out from Keller Group plc ( (GB:KLR) ).

Keller Group plc has announced the purchase of 33,572 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired through Peel Hunt LLP at prices ranging from 1,584.00 to 1,586.00 pence, with the company planning to hold these shares in treasury. 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 presents a strong financial performance and attractive valuation, bolstered by strategic share buybacks. However, caution is advised due to negative technical indicators suggesting weak momentum. The overall score reflects a balance between robust financial fundamentals and the need for careful monitoring of market trends.

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, Keller operates across five continents, handling around 5,500 projects annually and generating an estimated £3 billion in revenue.

Average Trading Volume: 324,676

Technical Sentiment Signal: Buy

Current Market Cap: £1.11B

Find detailed analytics on KLR stock on TipRanks’ Stock Analysis page.