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Keller Group plc ( (GB:KLR) ) has provided an update.
Keller Group plc has announced the purchase of 23,412 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired through Investec Bank plc at a weighted average price of 1,481.9598 pence per share. This move is part of Keller’s strategy to manage its capital structure and potentially enhance shareholder value by holding the purchased shares in treasury. Following this transaction, Keller now holds 2,344,955 shares in treasury, with a total of 73,099,735 ordinary shares in issue.
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’s strong financial performance, characterized by revenue growth and improved cash flow, is complemented by positive technical indicators and an attractive valuation. The stock’s upward momentum and undervaluation relative to peers make it a compelling investment opportunity.
To see Spark’s full report on GB:KLR stock, click here.
More about Keller Group plc
Average Trading Volume: 119,178
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.03B
See more insights into KLR stock on TipRanks’ Stock Analysis page.