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An announcement from Kier Group plc ( (GB:KIE) ) is now available.
Kier Group plc announced the purchase of 35,678 of its Ordinary shares as part of its ongoing buyback programme, initiated on 21 January 2025. This transaction, executed through Peel Hunt LLP, is part of Kier’s strategy to hold shares in Treasury, impacting the total number of voting rights and shares in issue, which now stands at 447,935,880. This move is aligned with the company’s financial strategies and regulatory compliance, potentially affecting shareholder calculations and interest notifications.
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 showcases a strong financial performance and technical position, significantly supported by its effective cash flow management and positive market momentum. The ongoing share buyback programme further enhances shareholder value, despite the moderate valuation metrics.
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: 2,012,534
Technical Sentiment Signal: Hold
Current Market Cap: £862.7M
Learn more about KIE stock on TipRanks’ Stock Analysis page.