Kier Group Advances Share Buyback Program

The latest update is out from Kier Group plc ( (GB:KIE) ).

Kier Group plc announced the purchase of 81,090 of its own ordinary shares as part of a buyback program initiated earlier in the year. This transaction, conducted through Peel Hunt LLP, is part of a broader strategy to manage the company’s share capital, with the purchased shares being held in treasury. The buyback program reflects Kier’s commitment to optimizing its capital structure and potentially enhancing shareholder value.

More about Kier Group plc

Kier Group plc is a prominent UK-based company specializing in infrastructure services, construction, and property development. The company offers expert design and build capabilities, leveraging the knowledge and skills of its workforce to manage and integrate all project aspects effectively.

YTD Price Performance: -21.29%

Average Trading Volume: 2,218,664

Technical Sentiment Signal: Strong Buy

Current Market Cap: £499.4M

See more data about KIE stock on TipRanks’ Stock Analysis page.