Keller Group Executes Share Buyback Program

Keller Group plc ( (GB:KLR) ) has shared an update.

Keller Group plc has executed a share buyback program, purchasing 55,000 of its ordinary shares through Peel Hunt LLP. The shares were acquired at a volume-weighted average price of 1,569.64 pence and will be held in treasury, bringing the total number of treasury shares to 1,482,790. This move is part of Keller’s strategy to manage its capital structure effectively, potentially enhancing 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, the company operates across five continents, handling around 5,500 projects annually and generating revenues of approximately £3 billion.

Average Trading Volume: 321,447

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.09B

Learn more about KLR stock on TipRanks’ Stock Analysis page.