Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group plc announced the purchase of 37,704 of its own ordinary shares as part of a buyback programme initiated earlier in the year. The shares were bought at a consistent price of 197 GBp each and will be held in treasury. This transaction reflects Kier’s ongoing efforts to manage its capital structure and potentially enhance shareholder value. Following this purchase, Kier has acquired a total of 5,297,133 shares since the start of the buyback programme, impacting the total number of voting rights and shares in issue.
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 demonstrates solid financial performance with notable revenue and cash flow improvements, despite high leverage. The technical analysis supports a moderately bullish outlook, while corporate events positively influence the stock’s prospects. The fair valuation underscores a balanced investment case, driven particularly by strategic corporate actions.
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: 2,170,053
Technical Sentiment Signal: Buy
Current Market Cap: £840.7M
See more data about KIE stock on TipRanks’ Stock Analysis page.