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Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group plc announced the purchase of 36,098 of its own ordinary shares as part of a buyback program initiated earlier in the year. The shares, bought at a price of 186.80 GBp each, will be held in treasury, bringing the total number of shares purchased under the program to over 6.3 million. This move is part of Kier’s strategic financial management, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £222.00 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 financial performance and positive corporate events are the primary strengths, although technical indicators reflect some short-term market volatility. The stock’s valuation is reasonable, aligning well with industry norms.
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. The company provides specialist design and build capabilities, leveraging the knowledge, skills, and intellectual capital of its people to manage and integrate all aspects of a project.
Average Trading Volume: 1,959,895
Technical Sentiment Signal: Buy
Current Market Cap: £789.6M
See more data about KIE stock on TipRanks’ Stock Analysis page.