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Kier Group plc ( (GB:KIE) ) just unveiled an update.
Kier is a leading UK infrastructure services, construction and property group providing specialist design-and-build capabilities, project management and integrated construction and property services across the UK market.
Kier has completed its £20m share buyback programme, repurchasing 10,978,468 ordinary shares for an aggregate consideration of approximately £20m, representing around 2.4% of the issued share capital. The repurchased shares are held in treasury, reducing the number of voting shares to 441,896,922. The buyback is likely to modestly increase earnings per share, tighten the shareholder base and signal management confidence, with potential implications for free float, voting dynamics and investor returns.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £245.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.
Spark’s Take on GB:KIE Stock
According to Spark, TipRanks’ AI Analyst, GB:KIE is a Outperform.
Kier Group plc’s strong earnings call and financial performance are the primary drivers of its stock score. Positive technical indicators and reasonable valuation further support the score, despite concerns over high leverage.
To see Spark’s full report on GB:KIE stock, click here.
More about Kier Group plc
Kier is a leading UK infrastructure services, construction and property group providing specialist design-and-build capabilities, project management and integrated construction and property services across the UK market.
Average Trading Volume: 1,596,483
Technical Sentiment Signal: Buy
Current Market Cap: £900.6M
For detailed information about KIE stock, go to TipRanks’ Stock Analysis page.