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Kier Group plc ( (GB:KIE) ) has shared an announcement.
Kier Group plc has announced the purchase of 38,123 of its own ordinary shares at a price of 215.50 GBp each as part of its ongoing buyback programme. This transaction, facilitated by Peel Hunt LLP, is part of a broader strategy initiated in January 2025. The company intends to hold these shares in treasury, bringing the total number of shares purchased under the programme to 6,636,618. This move is expected to impact the company’s share capital and voting rights, with 446,238,772 shares now representing the total number of voting rights in Kier, which stakeholders can use for regulatory notifications.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £240.00 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 workforce to manage and integrate all aspects of projects effectively.
Average Trading Volume: 1,524,365
Technical Sentiment Signal: Buy
Current Market Cap: £905.8M
For detailed information about KIE stock, go to TipRanks’ Stock Analysis page.