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Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group plc announced the purchase of 51,014 of its own ordinary shares as part of a buyback program initiated earlier in the year. This move is part of a broader strategy to manage the company’s capital structure, with the purchased shares intended to be held in treasury. The total number of shares purchased under this program now stands at 10,749,934, impacting the company’s voting rights and shareholder calculations.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £245.00 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 earnings call and financial performance are the primary drivers of its stock score. Positive technical indicators and reasonable valuation further support the score, despite concerns over high leverage.
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 offers specialist design and build capabilities, leveraging the expertise and intellectual capital of its workforce to manage and integrate all aspects of a project.
Average Trading Volume: 1,607,795
Technical Sentiment Signal: Buy
Current Market Cap: £921.9M
See more insights into KIE stock on TipRanks’ Stock Analysis page.