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Kier Group plc ( (GB:KIE) ) has provided an announcement.
Kier Group plc announced the purchase of 34,841 of its own ordinary shares at a price of 179.00 GBp each as part of its ongoing buyback programme. This transaction is part of a larger initiative announced earlier in the year, and the shares will be held in treasury. Following this purchase, Kier has acquired a total of 4,299,385 shares under the programme, which impacts the total number of voting rights and shares in issue, potentially affecting shareholder calculations and interests.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £210.00 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 drivers of the score. Technical analysis indicates bullish momentum, though caution is advised due to overbought signals. While the valuation is fair, the company’s high debt levels suggest a need for careful financial management.
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 effectively project manage and integrate all aspects of a project.
Average Trading Volume: 1,869,288
Technical Sentiment Signal: Buy
Current Market Cap: £745.7M
For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.