Keller Group Expands Share Buyback Program

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

Keller Group plc has announced the purchase of 53,551 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired through Peel Hunt LLP at a volume-weighted average price of 1,591.20 pence per share. This transaction is part of Keller’s strategy to hold these shares in treasury, which now totals 1,811,768 shares, while the total number of shares in issue stands at 73,099,735. This move is likely to impact the company’s financial structure and shareholder value positively.

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 and profit growth, supported by efficient cash management and stable leverage. The technical indicators suggest bullish momentum, although caution is advised due to overbought signals. The company’s valuation appears attractive with a low P/E ratio and a solid dividend yield. Additionally, the ongoing share buyback program positively impacts shareholder value.

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 used throughout the construction sector. With approximately 10,000 employees and operations spanning five continents, Keller undertakes around 5,500 projects annually, generating an estimated revenue of £3 billion.

Average Trading Volume: 343,878

Technical Sentiment Signal: Buy

Current Market Cap: £1.1B

For detailed information about KLR stock, go to TipRanks’ Stock Analysis page.