Kier Group Advances Share Buyback Programme

An announcement from Kier Group plc ( (GB:KIE) ) is now available.

Kier Group plc announced the purchase of 41,283 of its Ordinary shares at a price of 169.40 GBp each as part of its ongoing buyback programme. This transaction, facilitated by Peel Hunt LLP, brings the total number of shares repurchased to 3,825,996, which are held in treasury, impacting the total 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’s overall stock score reflects its strong financial performance and strategic corporate actions like share buybacks, which bolster investor confidence. However, technical indicators suggest caution due to potential overbought conditions.

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, offering specialist design and build capabilities. The company leverages the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of projects.

Average Trading Volume: 2,037,617

Technical Sentiment Signal: Buy

Current Market Cap: £720M

For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.