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Kier Group plc ( (GB:KIE) ) has shared an update.
Kier Group plc announced the purchase of 31,129 of its own ordinary shares as part of a buyback program initiated earlier in the year. This move is part of a broader strategy to manage the company’s share capital, with a total of 4,524,858 shares purchased so far. The company intends to hold these shares in treasury, impacting the total number of voting rights available to shareholders.
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 has a strong financial performance with robust revenue growth and effective cash flow management. Positive corporate events, including share buybacks and strategic leadership appointments, bolster shareholder value. However, technical indicators suggest the stock might be overbought, and valuation metrics indicate potential overpricing compared to industry standards.
To see Spark’s full report on GB:KIE stock, click here.
More about Kier Group plc
Kier Group plc is a prominent UK-based infrastructure services, construction, and property group. The company offers specialist design and build capabilities, leveraging the expertise and intellectual capital of its workforce to manage and integrate all aspects of projects.
Average Trading Volume: 2,037,442
Technical Sentiment Signal: Buy
Current Market Cap: £830.3M
Find detailed analytics on KIE stock on TipRanks’ Stock Analysis page.