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Kier Group plc ( (GB:KIE) ) has provided an update.
Kier Group plc announced the purchase of 64,163 of its Ordinary shares as part of its ongoing buyback programme. This transaction, executed at a price of 210 GBp per share, is part of a broader strategy to hold shares in treasury, affecting the total number of voting rights and potentially impacting shareholder interests.
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 people to manage and integrate all aspects of a project.
Average Trading Volume: 1,488,826
Technical Sentiment Signal: Buy
Current Market Cap: £892.7M
Learn more about KIE stock on TipRanks’ Stock Analysis page.