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The latest update is out from Kier Group plc ( (GB:KIE) ).
Kier Group plc has announced the purchase of 35,517 of its own ordinary shares as part of a buyback program initiated earlier this year. The shares were bought at a price of 201.50 GBp each and will be held in treasury. This move is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value. Following this transaction, Kier has acquired a total of 4,796,791 shares since the start of the buyback program, impacting the total number of voting rights and shares in issue.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £2.35 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 stock score is driven by strong technical analysis indicators and effective corporate strategies like share buybacks, which enhance shareholder value. While the financial performance shows solid growth, the high debt-to-equity ratio remains a concern. The valuation metrics are mixed, with a moderate P/E ratio and an unusually high dividend yield, which requires further investigation.
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: 2,002,730
Technical Sentiment Signal: Hold
Current Market Cap: £869.4M
See more data about KIE stock on TipRanks’ Stock Analysis page.