Kier Group plc Advances Share Buyback Programme

Kier Group plc ( (GB:KIE) ) has issued an update.

Kier Group plc announced the purchase of 35,899 of its ordinary shares as part of its ongoing buyback programme. This transaction is part of a broader strategy to manage its share capital, with a total of 4,053,242 shares purchased since the programme’s inception. The shares will be held in treasury, impacting the total number of voting rights and potentially affecting shareholder calculations under regulatory rules.

The most recent analyst rating on (GB:KIE) stock is a Buy with a £2.35 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 a project.

Average Trading Volume: 2,083,038

Technical Sentiment Signal: Buy

Current Market Cap: £730.8M

For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.