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Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group plc announced the purchase of 104,124 of its own ordinary shares as part of a buyback program initiated earlier in the year. The shares were acquired at prices ranging from 217.00 GBp to 218.49 GBp and will be held in treasury. This move is part of a broader strategy to manage the company’s capital structure, with a total of 10,574,791 shares now held in treasury. The buyback program reflects Kier’s ongoing efforts to optimize shareholder value and manage its equity base effectively.
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 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 effectively project manage and integrate all aspects of a project.
Average Trading Volume: 1,548,931
Technical Sentiment Signal: Buy
Current Market Cap: £918.4M
For detailed information about KIE stock, go to TipRanks’ Stock Analysis page.