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Kier Group plc ( (GB:KIE) ) just unveiled an announcement.
Kier Group plc has announced the purchase of 64,321 of its own ordinary shares as part of a buyback program initiated earlier in the year. This transaction is part of a broader strategy to manage the company’s share capital, with a total of 8,617,398 shares purchased since the program’s inception. The move is expected to impact the company’s financial structure by holding these shares in treasury, thereby potentially affecting shareholder voting rights and market perception.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £258.00 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 technical momentum and positive earnings call are the most significant factors driving the score. Financial performance is solid, though high leverage remains a concern. Valuation is fair, with a reasonable P/E ratio and attractive dividend yield.
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 workforce to manage and integrate all aspects of a project.
Average Trading Volume: 1,493,521
Technical Sentiment Signal: Buy
Current Market Cap: £892.7M
Find detailed analytics on KIE stock on TipRanks’ Stock Analysis page.