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Kier Group plc ( (GB:KIE) ) has shared an announcement.
Kier Group plc has announced the purchase of 33,004 of its own ordinary shares as part of a buyback programme initiated earlier this year. This move is part of a broader strategy to hold shares in treasury, impacting the total number of voting rights and potentially influencing shareholder notifications under regulatory rules.
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 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 people to manage and integrate all aspects of a project.
Average Trading Volume: 1,908,686
Technical Sentiment Signal: Buy
Current Market Cap: £813.4M
See more data about KIE stock on TipRanks’ Stock Analysis page.