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Kier Group plc ( (GB:KIE) ) just unveiled an update.
Kier Group plc announced the purchase of 25,000 of its Ordinary shares as part of its ongoing buyback programme. This transaction, executed by Peel Hunt LLP, is part of a broader strategy to manage the company’s share capital and enhance shareholder value. Following this purchase, Kier holds a total of 8,900,172 shares in treasury, with 443,975,218 shares representing the total number of voting rights. This move is aligned with the company’s efforts to optimize its financial structure and strengthen its market position.
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, offering specialist design and build capabilities. The company leverages the expertise and intellectual capital of its workforce to manage and integrate all project aspects effectively.
Average Trading Volume: 1,510,726
Technical Sentiment Signal: Buy
Current Market Cap: £856.2M
See more data about KIE stock on TipRanks’ Stock Analysis page.