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Kier Group plc ( (GB:KIE) ) has provided an update.
Kier Group plc has announced the purchase of 23,463 of its own ordinary shares as part of its ongoing buyback programme. This move, facilitated by Peel Hunt LLP, is part of a strategy to hold these shares in treasury, thereby potentially enhancing shareholder value and optimizing capital structure. Following this transaction, Kier has acquired a total of 9,182,147 shares since the programme’s inception, with 443,693,243 shares now representing the total number of voting rights. This buyback reflects Kier’s commitment to maintaining financial flexibility and shareholder engagement.
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 project manage and integrate all aspects of a project.
Average Trading Volume: 1,465,173
Technical Sentiment Signal: Buy
Current Market Cap: £917M
For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.