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Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group plc has announced the purchase of 35,317 of its ordinary shares as part of a buyback program initiated earlier in the year. This move is part of a broader strategy to manage its capital structure, with the purchased shares being held in treasury. The buyback program has resulted in a total acquisition of over 5 million shares, potentially impacting shareholder voting rights and aligning with regulatory requirements.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £210.00 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 demonstrates solid financial performance with notable revenue and cash flow improvements, despite high leverage. The technical analysis supports a moderately bullish outlook, while corporate events positively influence the stock’s prospects. The fair valuation underscores a balanced investment case, driven particularly by strategic corporate actions.
To see Spark’s full report on GB:KIE stock, click here.
More about Kier Group plc
Kier Group plc is a leading UK infrastructure services, construction, and property group, offering specialist design and build capabilities. The company leverages the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of a project.
Average Trading Volume: 2,180,245
Technical Sentiment Signal: Buy
Current Market Cap: £824.7M
See more insights into KIE stock on TipRanks’ Stock Analysis page.