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Keller Group plc ( (GB:KLR) ) just unveiled an update.
Keller Group plc has announced the purchase of 30,347 of its ordinary shares at a price of 1,600 pence each as part of its ongoing share buyback program. This transaction, conducted through Investec Bank plc, will see the purchased shares held in treasury, bringing the total number of treasury shares to 2,591,404. 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
Keller Group plc is the world’s largest geotechnical specialist contractor, offering a wide range of advanced foundation and ground improvement techniques utilized across 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: 125,118
Technical Sentiment Signal: Buy
Current Market Cap: £1.13B
See more insights into KLR stock on TipRanks’ Stock Analysis page.