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An update from Kier Group plc ( (GB:KIE) ) is now available.
Kier Group plc announced the purchase of 64,214 of its Ordinary shares as part of its ongoing buyback programme, initiated on January 21, 2025. This transaction, executed through Peel Hunt LLP, reflects Kier’s strategy to hold these shares in treasury, contributing to a total of 8,488,914 shares purchased under the programme. The buyback initiative underscores Kier’s commitment to optimizing its capital structure and enhancing shareholder value, with 444,386,476 shares representing the total voting rights in the company.
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 provides 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: 1,489,573
Technical Sentiment Signal: Buy
Current Market Cap: £901.5M
Learn more about KIE stock on TipRanks’ Stock Analysis page.