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Kier Group plc ( (GB:KIE) ) has provided an update.
Kier Group plc has announced the purchase of 36,009 of its own ordinary shares as part of a buyback programme initiated earlier in the year. The shares were purchased at a price of 181.40 GBp each and will be held in treasury. This transaction brings the total number of shares bought back to over 6 million, with implications for the company’s share capital and voting rights, potentially affecting shareholder interests.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £222.00 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 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 people to manage and integrate all aspects of projects.
Average Trading Volume: 1,966,244
Technical Sentiment Signal: Buy
Current Market Cap: £806.8M
See more insights into KIE stock on TipRanks’ Stock Analysis page.