Kier Group Advances Share Buyback Program with Latest Purchase

Kier Group plc ( (GB:KIE) ) just unveiled an announcement.

Kier Group plc announced the purchase of 42,386 of its ordinary shares as part of a buyback program initiated on January 21, 2025. The shares were acquired at a consistent price of 169.20 GBp each and will be held in treasury. This transaction is part of a broader strategy to manage the company’s share capital and potentially enhance shareholder value. Following this purchase, Kier has bought a total of 3,908,494 shares under the program, impacting the total number of voting rights and share calculations for stakeholders.

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 shows a strong financial performance with notable revenue growth and effective cash flow management, though its high debt levels are a concern. The stock’s technical indicators suggest potential overbought conditions despite positive momentum. The valuation is fair, supported by a reasonable P/E ratio and attractive dividend yield. Ongoing corporate buyback programs further improve the outlook by enhancing shareholder value.

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 offers 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: 2,032,265

Technical Sentiment Signal: Buy

Current Market Cap: £718.2M

Learn more about KIE stock on TipRanks’ Stock Analysis page.