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An update from Kier Group plc ( (GB:KIE) ) is now available.
Kier Group plc announced the purchase of 31,030 of its ordinary shares as part of its ongoing buyback programme, which commenced on 21 January 2025. The shares were acquired at a consistent price of 206.50 GBp each, and the company plans to hold these shares in treasury. This transaction brings the total number of shares purchased under the programme to 4,731,252, impacting the company’s share capital and voting rights structure. This strategic move is part of Kier’s efforts to manage its capital structure and enhance shareholder value.
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 exhibits a strong financial and technical position, supported by effective cash management and positive stock momentum. While the valuation is reasonable, the high debt level remains a concern. The strategic share buyback program underscores management’s commitment to 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 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: 1,975,771
Technical Sentiment Signal: Hold
Current Market Cap: £852.4M
See more insights into KIE stock on TipRanks’ Stock Analysis page.