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An update from Kier Group plc ( (GB:KIE) ) is now available.
Kier Group plc announced the purchase of 35,321 of its ordinary shares as part of its ongoing buyback programme, which was initiated on January 21, 2025. The shares were acquired at a price of 170.70 GBp each and will be held in treasury. This transaction brings the total number of shares purchased under the programme to 4,124,240, with 448,751,150 shares representing the total voting rights in the company. This strategic move is part of Kier’s efforts to manage its capital structure effectively and may impact shareholder value and market perception.
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’s strong financial performance and positive corporate events are the primary drivers of the score. Technical analysis indicates bullish momentum, though caution is advised due to overbought signals. While the valuation is fair, the company’s high debt levels suggest a need for careful financial management.
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 projects.
Average Trading Volume: 2,081,624
Technical Sentiment Signal: Buy
Current Market Cap: £719.6M
Learn more about KIE stock on TipRanks’ Stock Analysis page.