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An update from Kier Group plc ( (GB:KIE) ) is now available.
Kier Group plc has announced the purchase of 30,022 of its own ordinary shares as part of a buyback programme initiated earlier in the year. This transaction, executed through Peel Hunt LLP, is part of a broader strategy to manage the company’s share capital, with a total of 4,761,274 shares purchased since the programme’s inception. The shares will be held in treasury, impacting the total number of voting rights available to shareholders, which now stands at 448,114,116. This move is in line with regulatory requirements and reflects Kier’s ongoing efforts to optimize its financial structure.
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 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 provides specialist design and build capabilities, leveraging the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of projects.
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.