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Kier Group plc ( (GB:KIE) ) has provided an announcement.
Kier Group plc announced the purchase of 37,430 of its own ordinary shares as part of its ongoing buyback programme. This move is part of a strategic effort to manage the company’s share capital and enhance shareholder value. Following this transaction, Kier holds 5,554,572 shares in treasury, with 447,320,818 shares available for voting rights, reflecting its commitment to maintaining financial transparency and regulatory compliance.
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 strong financial performance and positive corporate events are the primary strengths, although technical indicators reflect some short-term market volatility. The stock’s valuation is reasonable, aligning well with industry norms.
To see Spark’s full report on GB:KIE stock, click here.
More about Kier Group plc
Kier 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 a project.
Average Trading Volume: 2,113,321
Technical Sentiment Signal: Hold
Current Market Cap: £884.8M
Find detailed analytics on KIE stock on TipRanks’ Stock Analysis page.