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Kier Group plc ( (GB:KIE) ) has shared an announcement.
Kier Group plc announced the purchase of 38,102 of its Ordinary shares as part of its ongoing buyback programme. This transaction, conducted through Peel Hunt LLP, is part of a larger initiative that has seen the company acquire a total of 6,789,811 shares since the programme’s inception. The purchased shares will be held in treasury, affecting the total number of voting rights and potentially influencing shareholder calculations under regulatory rules.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £258.00 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 technical momentum and positive earnings call are the most significant factors driving the score. Financial performance is solid, though high leverage remains a concern. Valuation is fair, with a reasonable P/E ratio and attractive dividend yield.
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 offers specialist design and build capabilities, leveraging the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of a project.
Average Trading Volume: 1,673,375
Technical Sentiment Signal: Hold
Current Market Cap: £968.9M
For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.