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Kier Group plc ( (GB:KIE) ) has provided an update.
Kier Group plc announced the repurchase of 311,818 of its ordinary shares as part of a buyback program initiated earlier in the year. This strategic move, facilitated by Peel Hunt LLP, aims to strengthen the company’s financial position by holding these shares in treasury, potentially impacting shareholder value and market perception positively.
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 prominent UK-based company specializing in infrastructure services, construction, and property. The company offers expert design and build capabilities, leveraging the skills and intellectual capital of its workforce to manage and integrate all aspects of a project.
Average Trading Volume: 1,601,911
Technical Sentiment Signal: Buy
Current Market Cap: £927M
For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.