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The latest announcement is out from Kier Group plc ( (GB:KIE) ).
Kier Group plc has announced the purchase of 35,889 of its Ordinary shares as part of its ongoing buyback programme, which was initiated earlier this year. This transaction is part of a broader strategy to manage the company’s capital structure and enhance shareholder value, with a total of 6,103,411 shares purchased so far. The company intends to hold these shares in treasury, impacting the total number of voting rights available to shareholders.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £222.00 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 strengths, although technical indicators reflect some short-term market volatility. The stock’s valuation is reasonable, aligning well with industry norms.
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 knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of projects.
Average Trading Volume: 1,973,181
Technical Sentiment Signal: Buy
Current Market Cap: £805.3M
Learn more about KIE stock on TipRanks’ Stock Analysis page.