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Kier Group PLC (GB:KIE)
LSE:KIE

Kier Group plc (KIE) AI Stock Analysis

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GB:KIE

Kier Group plc

(LSE:KIE)

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Outperform 71 (OpenAI - 5.2)
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Outperform 71 (OpenAI - 5.2)
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Outperform 71 (OpenAI - 5.2)
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Outperform 71 (OpenAI - 5.2)
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Outperform 71 (OpenAI - 5.2)
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Outperform 71 (OpenAI - 5.2)
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Outperform 71 (OpenAI - 5.2)
Rating:71Outperform
Price Target:
225.00 p
▲(3.93% Upside)
Action:ReiteratedDate:03/03/26
The score is driven primarily by solid financial performance (especially cash flow strength) and a constructive earnings update with strong order-book visibility and improving cash position. This is moderated by leverage risk, near-term remediation charges and seasonal cash volatility, and only neutral technical momentum with the stock slightly weak versus its 20-day average.
Positive Factors
Strong cash generation & improving net cash
Kier's sustained free cash flow growth and first positive average net cash in 13 years indicate durable cash-generation capacity. This strengthens liquidity, funds buybacks/dividends and property investment plans, and materially reduces near-term refinancing pressure versus peers reliant on external funding.
Record order book and large framework pipeline
A record £11.6bn order book plus vast framework positions provide meaningful revenue visibility (94% FY26, 78% FY27) and recurring work. This structural backlog underpins stable revenue streams, lowers bidding volume dependence, and supports steady utilization and margin resilience over the medium term.
Integrated delivery capabilities and in-house M&E/design
Kier's in-house M&E and design resources enable earlier client engagement, better cost control and cross-selling across infrastructure and buildings. Vertical integration improves bid competitiveness, reduces subcontractor margin leakage and supports more predictable margins and delivery quality over multiple project cycles.
Negative Factors
Elevated leverage and refinancing risk
Material leverage leaves Kier exposed to refinancing and interest-cost volatility, especially given existing high-coupon instruments. Even with improved cash, debt sensitivity could constrain capital allocation, increase funding costs if markets shift, and amplify downside in prolonged project delays or weaker cash conversion.
Seasonal working-capital-driven H1 cash outflows
Kier's pronounced H1 working-capital outflow is a recurring structural feature that pressures interim liquidity despite full-year cash conversion targets. Reliance on H2 inflows to normalize cash adds operational risk; weaker-than-expected H2 activity could force more external funding or delay capital returns.
Multi-year remediation charges with insurance uncertainty
Planned fire-and-cladding remediation charges are multi-year and cash-consuming, with insurance recoveries only recognized when confirmed. This adds earnings and cash volatility, diverts capital from growth initiatives, and could suppress margins if actual costs or non-recoverable amounts exceed current guidance.

Kier Group plc (KIE) vs. iShares MSCI United Kingdom ETF (EWC)

Kier Group plc Business Overview & Revenue Model

Company DescriptionKier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, tunnels, and buildings; and provides maintenance services for the U.K. road, rail, and utilities infrastructure, as well as reactive repairs. The company also provides housing maintenance and facilities management services, as well as environmental services comprising street cleaning, grounds maintenance, and commercial waste services; and invests in and develops property schemes and sites. Kier Group plc was incorporated in 1992 and is headquartered in Salford, the United Kingdom.
How the Company Makes MoneyKier makes money primarily by contracting to deliver construction and infrastructure projects and being paid for completing works and services under customer contracts. Its revenues are mainly generated from (1) infrastructure and civil engineering delivery (e.g., highways and other infrastructure construction, renewal and maintenance) under framework agreements and project-based contracts; and (2) building construction services for public-sector and private-sector clients, where revenue is recognized as projects progress based on the terms of each contract. A significant portion of earnings is supported by long-term frameworks and multi-year service-style arrangements (such as maintenance and repair activities) that provide repeat work volumes, alongside one-off major project awards. The company’s profitability depends on winning tenders, effective project delivery (cost control, scheduling, and risk management), and the mix of higher-margin framework/service work versus lower-margin competitive lump-sum construction work. Specific information on material partnerships or customer concentration is null.

Kier Group plc Earnings Call Summary

Earnings Call Date:Mar 03, 2026
(Q2-2026)
|
% Change Since: |
Next Earnings Date:Sep 10, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive picture: record order book, revenue and profit growth, improved balance sheet (period-end net cash GBP 103m and achieved average net cash for the first time in 13 years), upgraded credit metrics, increased shareholder returns (dividend and buyback) and a substantial near-term pipeline across infrastructure, water, defence, health and education. Key challenges relate to a seasonally weak H1 cash position (GBP 42m free cash outflow), an elevated near-term charge for fire and cladding remediation (expected ~GBP 30m in FY26 and similar in FY27), modest H1 margin below the full-year target range and some temporary revenue timing impacts from the shift to modular construction. Management reiterated medium-term targets and expressed confidence in H2 conversion and continued cash generation, so on balance the positives outweigh the risks.
Q2-2026 Updates
Positive Updates
Record Order Book and Revenue Visibility
Order book at a record GBP 11.6 billion, up 5% vs June 2025; represents 94% coverage of FY26 revenue and 78% coverage of FY27 revenue, supported by GBP 150 billion of framework positions and a GBP 35 billion near-term pipeline.
Revenue Growth
Group revenue GBP 2.029 billion, up 2.6% year-on-year driven primarily by Infrastructure Services.
Profit Growth and Margin Momentum
Adjusted operating profit GBP 71 million, up 6.6% year-on-year; group adjusted operating margin of 3.5% in H1 (10 basis points improvement vs HY'25) with full-year target range reiterated at 4.0%–4.5%.
Infrastructure Services Strength
Infrastructure Services revenue GBP 1.083 billion, up 4.9% with adjusted operating profit GBP 48.2 million (up GBP 2.1 million) and a maintained margin of 4.5%; notable contract wins include National Highways Legacy Concrete Framework (~GBP 900m), Maple Lodge Thames Water project (~GBP 280m) and Hinkley Point C extension.
Construction Order Book and Capabilities
Construction order book GBP 4.5 billion, up 5% and 96% secured for FY26; maintained operating margin at 3.9% and strengthened by in-house M&E capability supporting ~40% of Construction revenue.
Improved Balance Sheet and Cash Position
Period-end net cash GBP 103 million (up from GBP 58 million at Dec 2024); achieved average net cash for the first time in 13 years at ~GBP 16.8–17 million over the half; completed GBP 20 million buyback and launched a new GBP 25 million buyback program.
Shareholder Returns and Capital Allocation
Interim dividend increased to 2.6p per share (announced as c.30% increase); capital allocation framework maintained (dividend cover target ~3x), property investment up to GBP 225 million targeting 15% ROCE by FY28 and continued appetite for value-accretive M&A.
Financing and Credit Rating Improvements
Refinanced revolving credit facility to a 3-year GBP 190 million facility (GBP 40 million increase) with extension option; S&P upgraded to BB+ and Fitch moved outlook to positive (BB+ maintained).
Commercial Pipeline and Diversification
Broad pipeline and cross-divisional opportunities across water (AMP8), rail (including HS2 exposure), defence, health and education frameworks; Kier 360 integrated model and 750-strong in-house design team providing early engagement and cross-sell potential.
ESG and People Metrics
Achieved CDP A rating (top 4% globally for climate disclosure), first in sector in FTSE Women Leaders review, average supplier payments down to 32 days (95% within 60 days), 532 people in apprenticeships and inclusion in top 100 Apprenticeship Employers list.
Negative Updates
Fire and Cladding Remediation Costs
Adjusted items relating to fire and cladding amounted to GBP 10.7 million in the half; company expects around GBP 30 million charge for FY26 and a similar level in FY27 with resolution anticipated by end of FY28. Insurance recoveries are uncertain and recognized only when confirmed.
Free Cash Outflow and Working Capital Seasonality
Adjusted EBITDA GBP 101 million but working capital outflow was GBP 107 million leading to a free cash outflow of GBP 42 million in H1 (seasonally disadvantaged half). Management expects a working capital inflow in H2 but H1 cash conversion remains weak.
Construction Revenue Slightly Down Amid MMC Transition
Construction revenue decreased 1.3% to GBP 920 million, attributed to a transition to modular (MMC) construction which suppresses H1 revenue timing; management expects revenue bounce-back in H2 as off-site output comes on site.
H1 Margin Below Full-Year Target Range
Reported H1 group adjusted margin of 3.5% is below the group's 4.0%–4.5% full-year target range, requiring stronger H2 performance to hit guidance.
Pension Deficits and Smaller Scheme Contributions
Contributed GBP 3 million in the period to smaller pension schemes that remain in deficit (inherited through past acquisitions).
Debt Refinancing Uncertainty and Cost
Existing bond carries a high coupon (~9%); management flagged potential refinancing activity (optionality to refinance bond), but timing/outcome uncertain and refinancing cost could be material depending on market conditions.
Dependence on Seasonality and Framework Conversions
Strong coverage via frameworks and order book but conversion of frameworks to projects (and H2 seasonality) is key to full-year outcomes — any delays or weaker-than-expected H2 activity could materially affect cash and margin delivery.
Company Guidance
Kier reiterated that full‑year expectations are unchanged and reiterated medium‑term targets: adjusted operating margin 4.0–4.5% (HY margin 3.5%, +10bps year‑on‑year), revenue growth above GDP, circa 90% cash conversion of operating profit and dividend cover around 3x, while guiding adjusted fire-and-cladding costs of ~£30m in FY26 (a similar level in FY27, reducing thereafter and expected resolved by end FY28). Key metrics given were HY revenue up 2.6% to £2.029bn, adjusted operating profit £71m (up 6.6%), adjusted EBITDA £101m, period‑end net cash £103m and average net cash c.£16.8–17m (first positive average in 13 years), a record order book of £11.6bn (up 5%) covering 94% of FY26 and 78% of FY27 revenue, £150bn of framework positions and a £35bn two‑year pipeline; management also launched a new £25m buyback, raised the interim dividend to 2.6p, plans up to £225m property investment targeting 15% ROCE by FY28, refinanced a £190m RCF and holds S&P/Fitch ratings of BB+/BB+.

Kier Group plc Financial Statement Overview

Summary
Income statement trends are improving (revenue growth and better margins), and cash flow is a clear strength with strong free-cash-flow growth and good earnings-to-cash conversion. The main financial risk is elevated leverage highlighted in the balance sheet assessment, which tempers the overall financial score.
Income Statement
75
Positive
Kier Group plc has demonstrated consistent revenue growth over the past few years, with a notable increase in revenue from 2024 to 2025. The gross profit margin and net profit margin have shown improvement, indicating better cost management and profitability. However, the margins remain relatively low compared to industry standards, suggesting room for improvement in operational efficiency.
Balance Sheet
65
Positive
The company's balance sheet shows a high debt-to-equity ratio, which indicates significant leverage and potential financial risk. However, the return on equity has improved, reflecting better utilization of equity to generate profits. The equity ratio is moderate, suggesting a balanced approach to financing through debt and equity.
Cash Flow
80
Positive
Kier Group plc has shown strong growth in free cash flow, with a significant increase from the previous year. The operating cash flow to net income ratio is healthy, indicating efficient cash generation relative to net income. The free cash flow to net income ratio is also favorable, highlighting the company's ability to convert earnings into cash effectively.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue4.12B4.08B3.91B3.38B3.14B3.26B
Gross Profit335.50M330.80M335.00M279.50M238.30M254.80M
EBITDA180.10M139.10M188.00M167.70M79.30M116.80M
Net Income60.70M56.40M42.70M41.10M12.70M-300.00K
Balance Sheet
Total Assets3.15B3.55B3.46B2.31B2.24B2.28B
Cash, Cash Equivalents and Short-Term Investments1.13B1.69B1.57B1.39B301.40M393.20M
Total Debt1.20B1.64B1.58B1.51B464.60M564.30M
Total Liabilities2.63B3.04B2.94B1.79B1.68B1.85B
Stockholders Equity520.90M517.30M520.20M513.40M555.20M436.20M
Cash Flow
Free Cash Flow221.30M223.90M211.60M135.60M28.30M9.70M
Operating Cash Flow232.00M235.00M230.10M144.00M45.20M19.60M
Investing Cash Flow-47.90M-68.40M-44.30M-25.00M-1.40M113.50M
Financing Cash Flow-155.70M-160.30M-100.90M-40.10M-141.20M-152.70M

Kier Group plc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price216.50
Price Trends
50DMA
226.53
Negative
100DMA
221.94
Negative
200DMA
210.91
Negative
Market Momentum
MACD
-6.96
Positive
RSI
28.63
Positive
STOCH
19.61
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KIE, the sentiment is Negative. The current price of 216.5 is below the 20-day moving average (MA) of 222.02, below the 50-day MA of 226.53, and above the 200-day MA of 210.91, indicating a bearish trend. The MACD of -6.96 indicates Positive momentum. The RSI at 28.63 is Positive, neither overbought nor oversold. The STOCH value of 19.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:KIE.

Kier Group plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
80
Outperform
£1.36B8.2323.46%3.08%-1.17%12.31%
78
Outperform
£486.73M11.4913.06%1.88%-12.98%5.51%
73
Outperform
£1.98B12.5024.53%2.49%6.93%21.50%
72
Outperform
£501.42M7.1027.48%3.65%5.78%-6.80%
71
Outperform
£866.35M9.8111.69%3.19%4.40%31.59%
71
Outperform
£3.55B13.4916.34%1.80%9.97%-15.46%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:KIE
Kier Group plc
203.50
85.29
72.15%
GB:BBY
Balfour Beatty
745.00
303.16
68.61%
GB:COST
Costain
182.60
78.91
76.09%
GB:GFRD
Galliford Try
510.00
179.09
54.12%
GB:KLR
Keller Group plc
1,980.00
660.34
50.04%
GB:MGNS
Morgan Sindall
4,210.00
1,283.14
43.84%

Kier Group plc Corporate Events

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Continues Buyback, Lifts Treasury Shares and Updates Voting Rights
Positive
Mar 20, 2026

Kier Group plc has continued its share buyback programme, repurchasing 250,000 ordinary shares between 16 and 20 March 2026 through Deutsche Bank’s London branch, with daily purchases of 50,000 shares at prices ranging from 201.50p to 217.00p. The company intends to hold these shares in treasury, contributing to capital management and potentially supporting earnings per share and shareholder returns.

Since the start of the programme, Kier has bought back a total of 650,000 shares and now has 452,875,390 ordinary shares in issue, of which 11,628,468 are held in treasury, leaving 441,246,922 voting rights in the company. The updated share count and voting rights figure provide investors with an accurate basis for regulatory disclosure calculations and reflect ongoing efforts to optimise the group’s capital structure.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Regulatory Filings and Compliance
Kier Executives Acquire Shares Under Group Incentive Plan
Neutral
Mar 20, 2026

Kier Group plc has reported routine share dealings by senior executives under its Share Incentive Plan, with the plan trustee acquiring small volumes of ordinary shares on 18 March 2026 for three persons discharging managerial responsibilities. Group Commercial Director James Askew, Group Managing Director – Construction Martin Staehr and Group Managing Director – Property Leigh Thomas each bought partnership shares and received free matching shares at prices slightly above £2.13 per share, in transactions disclosed in line with UK Market Abuse Regulation.

The acquisitions, which total fewer than 100 shares each and were executed on the London Stock Exchange’s Main Market, indicate ongoing executive participation in the company’s all-employee share scheme rather than any material change in ownership structure. While financially immaterial, such disclosures provide transparency for investors and underscore alignment between Kier’s senior management and shareholders through equity-based incentives.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Business Operations and Strategy
Kier Wins Major Role in UK’s Flagship STEP Fusion Energy Programme
Positive
Mar 16, 2026

Kier Group has been appointed, as co‑leader of the ILIOS consortium alongside Nuvia with support from AECOM, AL_A and Turner & Townsend, as construction partner for the UK’s flagship Spherical Tokamak for Energy Production fusion energy programme at West Burton in Nottinghamshire. Backed by the Department for Energy Security and Net Zero, the initial three‑year £200m phase will see ILIOS design and build all buildings, infrastructure and facilities for the prototype fusion plant, with the wider programme offering potential opportunities of up to £10bn and supporting up to 8,000 onsite jobs at peak.

The appointment enhances Kier’s long‑term revenue visibility in one of its strategic growth markets and reinforces its role in complex, regulated clean‑energy infrastructure. By leveraging its nuclear and high‑hazard engineering expertise on STEP, Kier secures a multi‑year pipeline and strengthens its position at the forefront of the emerging fusion sector, aligning the Group closely with the UK’s long‑term clean energy transition ambitions.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Kier Group Advances Share Buyback, Updates Voting Share Count
Positive
Mar 16, 2026

Kier Group plc has continued execution of its previously announced share buyback programme, repurchasing 50,000 ordinary shares on 13 March 2026 at prices between 213.50p and 217.00p, with a volume-weighted average price of 215.1735p. The shares, acquired via Deutsche Numis, will be held in treasury, contributing to a total of 400,000 shares bought back since the programme began and leaving 441,496,922 voting shares in issue, information that helps investors track their disclosure thresholds and signals ongoing capital management by the group.

Following these transactions, Kier now has 452,875,390 ordinary shares in issue, of which 11,378,468 are held in treasury, and it will henceforth publish buyback data weekly in line with updated UK Listing Rule 9.6.6 requirements. The move underlines the company’s adherence to regulatory disclosure standards while using buybacks as a tool to manage its capital structure and potentially enhance shareholder value through a reduced free float of voting shares.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Kier Continues Buyback, Lifts Treasury Stock and Updates Voting Rights
Positive
Mar 13, 2026

Kier Group plc has continued its previously announced share buyback programme, purchasing 50,000 ordinary shares on 12 March 2026 through Deutsche Numis at prices between 214.50p and 218.50p per share. The company intends to hold these repurchased shares in treasury, bringing total shares bought back under the programme to 350,000 and leaving 441,546,922 voting shares in issue, a figure relevant for investors monitoring disclosure thresholds.

By reducing the free float and increasing treasury holdings, the buyback may signal management’s confidence in Kier’s valuation and capital position. It also incrementally enhances earnings per share for remaining shareholders and clarifies the updated voting rights base under UK disclosure and transparency rules.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier continues buyback with further 50,000-share repurchase
Positive
Mar 12, 2026

Kier Group plc has continued executing its recently announced share buyback programme, repurchasing 50,000 ordinary shares on 11 March 2026 through Deutsche Bank’s London branch at prices between 213.50p and 221.00p, with a volume-weighted average of 217.3999p. The group plans to hold these shares in treasury, bringing total repurchases under the programme to 300,000 shares and leaving 441,596,922 voting shares in issue, a move that modestly reduces the free float and may enhance earnings per share and capital return for investors.

Following this latest transaction, Kier now has 452,875,390 ordinary shares in issue, of which 11,278,468 are held in treasury, clarifying the updated denominator for shareholder disclosure obligations under FCA rules. The detailed trade data and regulatory references underscore that the buyback is being conducted in line with U.K. Listing Rules and market abuse regulations, providing transparency to investors and signalling management’s ongoing commitment to active capital management.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Kier grants performance-linked share awards to senior executives
Positive
Mar 11, 2026

Kier Group plc has granted new share awards to several senior executives under its 2020 Long-Term Incentive Plan, tying potential share vesting to performance conditions over a three-year period from July 2025 to June 2028. The awards, calculated using an average share price of around 227 pence, were made at nil cost to Chief Financial Officer Tom Hinton, Group Managing Director for Infrastructure Giuseppe Incutti and Group Managing Director for Construction Martin Staehr.

In addition, Kier has granted a separate recruitment award of 56,003 shares to CFO Tom Hinton to compensate for incentives forfeited from his previous employer, with vesting scheduled for March 2027 subject to his continued service. The package underscores the group’s use of equity-based incentives to attract and retain key leaders, aligning executive rewards with long-term shareholder value and signalling the importance of stability in its top management team during its current strategic phase.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £246.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Kier continues share buyback, updates voting rights count
Positive
Mar 11, 2026

Kier Group plc has continued its recently launched share buyback, repurchasing 50,000 ordinary shares on 10 March 2026 through Deutsche Numis at a volume-weighted average price of 216.9064 pence. The shares will be held in treasury, bringing total buybacks under the current programme to 250,000 shares and leaving 441,646,922 voting shares in issue.

The transaction marginally reduces Kier’s free float and can signal management’s confidence in the company’s valuation, while potentially enhancing earnings per share over time. The updated voting rights figure also provides a new reference point for investors monitoring their disclosure thresholds under U.K. regulatory rules.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £246.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Group Continues Share Buyback, Updates Voting Rights Total
Positive
Mar 10, 2026

Kier Group plc has continued its previously announced share buyback programme, repurchasing 50,000 ordinary shares on 9 March 2026 through Deutsche Numis at prices between 206.50p and 211.00p, with a volume-weighted average of 208.7776p. The company intends to hold these shares in treasury, reflecting a capital management strategy that can enhance earnings per share and signal confidence in its financial position.

Following this latest transaction, Kier has bought back a total of 200,000 shares since the start of the programme, bringing total issued share capital to 452,875,390 shares, of which 11,178,468 are held in treasury and 441,696,922 represent voting rights. The updated voting-rights figure provides an important reference point for investors monitoring their notifiable positions under U.K. disclosure rules and underscores ongoing changes to the company’s capital structure.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Kier Continues Buyback With Treasury Share Purchase
Positive
Mar 9, 2026

Kier Group plc has continued its recently launched share buyback programme, repurchasing 50,000 ordinary 1p shares on 6 March 2026 through Deutsche Numis at prices between 212p and 217p, with a volume-weighted average of 214.1254p. The company intends to hold these shares in treasury, bringing total buybacks under the programme to 150,000 shares and leaving 441,746,922 voting shares in issue, a move that marginally enhances earnings per share and adjusts the free float for investors’ disclosure calculations under FCA rules.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
Kier repurchases 50,000 shares as buyback programme gathers pace
Positive
Mar 6, 2026

Kier Group plc has continued its recently launched share buyback programme, repurchasing 50,000 ordinary shares on 5 March 2026 through Deutsche Numis at prices between 216.50p and 222.00p, with a volume-weighted average price of 219.4612p. The company intends to hold these shares in treasury, bringing total buybacks since the programme began to 100,000 shares.

Following this latest transaction, Kier will have 452,875,390 ordinary shares in issue, of which 11,078,468 are held in treasury, leaving 441,796,922 voting shares in the market. The move modestly reduces the free float and may signal management’s confidence in the valuation, with implications for earnings per share and shareholder returns over time, while ensuring transparency under U.K. market disclosure rules.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Kier Group Launches Share Buyback, Adjusts Voting Share Capital
Positive
Mar 5, 2026

Kier Group plc has initiated a share buyback programme, purchasing 50,000 ordinary shares on 4 March 2026 through Deutsche Numis at prices between 222p and 226p, with a volume-weighted average price of 224.0254p. The company intends to hold these repurchased shares in treasury, affecting the total number of voting rights, which now stands at 441,846,922.

Following this transaction, Kier has 452,875,390 ordinary shares in issue, of which 11,028,468 are held in treasury, refining its capital structure and potentially enhancing earnings per share over time. The detailed disclosure of trade data and voting rights also underscores Kier’s compliance with U.K. market transparency and listing requirements, providing clarity for existing and prospective shareholders.

The most recent analyst rating on (GB:KIE) stock is a Hold with a £248.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Kier Posts Strong First Half, Hits Net Cash Milestone and Launches New Buyback
Positive
Mar 3, 2026

Kier Group reported a strong first half to 31 December 2025, with revenue up 2.6% to just over £2bn and adjusted operating profit up 6.6%, lifting margins to 3.5%. The group reached an average net cash position for the first time in 13 years, ended the period with £103m of net cash, and increased its interim dividend by 30% to 2.6p alongside completing a £20m share buyback and launching a further £25m programme.

The order book rose 5% to a record £11.6bn, with 94% of expected FY26 revenue and 78% of FY27 revenue already secured, underpinned by major framework wins in healthcare, education, water and roads. Management said the strong cash generation and new £190m revolving credit facility give it financial flexibility as it targets sustainable growth, capital discipline and higher returns, reinforcing its positioning as a key strategic supplier to the UK Government amid robust infrastructure spending plans.

The most recent analyst rating on (GB:KIE) stock is a Buy with a £271.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial Disclosures
Kier launches £25m share buyback to return capital to investors
Positive
Mar 3, 2026

Kier Group plc has launched a share buyback programme of up to £25m of its ordinary shares, announced alongside its interim results for the six months to 31 December 2025. The repurchased shares will be held in treasury, and the programme is intended as a means of returning capital to shareholders within the limits of its existing authority.

The company has appointed Deutsche Bank AG, London Branch, trading as Deutsche Numis, to execute the buyback on a non-discretionary basis, allowing purchases to continue through closed periods. Transactions will be conducted on the London Stock Exchange and other venues under pre-set parameters, with all buyback dealings disclosed within seven business days, and the move may influence Kier’s capital structure and share liquidity over time.

The most recent analyst rating on (GB:KIE) stock is a Buy with a £271.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Executive/Board Changes
Kier Group Announces Change in Remuneration Committee Leadership
Neutral
Mar 3, 2026

Kier Group plc has announced that Non-Executive Director Margaret Hassall will retire from the board and step down as Chair of the Remuneration Committee on 29 May 2026. She will be succeeded by fellow Non-Executive Director Anne Baldock, who joined the board in July 2025 and already serves as Chair of the Remuneration Committee at Pantheon Infrastructure plc.

The planned succession maintains continuity in Kier’s oversight of executive pay and governance, with Chair Matthew Lester praising Hassall’s role in strengthening the company’s remuneration framework. Baldock’s appointment underscores the board’s focus on experienced remuneration leadership, which is likely to be important for aligning incentives and supporting Kier’s strategic and operational objectives in the infrastructure and construction markets.

The most recent analyst rating on (GB:KIE) stock is a Buy with a £271.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Regulatory Filings and Compliance
Kier Executives Acquire Shares Under Group Incentive Plan
Neutral
Feb 20, 2026

Kier Group plc has reported routine share transactions under its Share Incentive Plan involving senior management. Group Commercial Director James Askew and Group Managing Director – Property Leigh Thomas each acquired 61 partnership shares and received 18 free matching shares at prices around £2.46 per share.

The acquisitions, executed on 18 February 2026 on the London Stock Exchange’s Main Market, reflect ongoing participation of key executives in the company’s employee share scheme. The disclosure complies with UK Market Abuse Regulation requirements and signals continued alignment of management interests with those of shareholders, though the volumes involved are relatively modest.

The most recent analyst rating on (GB:KIE) stock is a Buy with a £274.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Regulatory Filings and Compliance
Kier Group Updates Market on Total Voting Rights
Neutral
Feb 2, 2026

Kier Group plc has reported that, as of 31 January 2026, its issued share capital consists of 452,875,390 ordinary shares of 1p each, of which 10,978,468 are held in treasury, leaving a total of 441,896,922 voting rights in the company. This update, made in line with FCA Disclosure Guidance and Transparency Rule 5.6.1, provides shareholders and the market with an accurate figure for determining when they must disclose shareholdings or changes in their interests under UK transparency regulations, reinforcing the company’s compliance and governance practices.

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.

Executive/Board ChangesRegulatory Filings and Compliance
Kier Executives Receive Shares Under Group Incentive Plan
Neutral
Jan 20, 2026

Kier Group plc has disclosed that, under its Share Incentive Plan, the plan trustee purchased ordinary shares in the company and allocated free matching shares to senior executives James Askew, Group Commercial Director, and Leigh Thomas, Group Managing Director – Property. The modest acquisitions, executed on 16 January 2026 on the London Stock Exchange, reflect ongoing participation by key management in Kier’s share-based remuneration scheme, modestly increasing their equity interests and further aligning their incentives with those of shareholders under the UK Market Abuse Regulation disclosure framework.

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.

Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Kier hits net cash milestone as record order book underpins FY26 outlook
Positive
Jan 20, 2026

Kier Group plc reported that trading for the six months to 31 December 2025 was in line with expectations, with its order book rising to a record £11.6bn and around 94% of forecast FY26 revenue already secured, underpinning strong revenue visibility. The group achieved a key balance-sheet milestone by delivering an average month-end net cash position of about £15m, a sharp improvement from net debt a year earlier, and expects to report a significantly higher period-end net cash figure than the prior year. Recent contract wins span British Airways’ Better Buildings framework, Southern Water’s AMP8 programme, an extension at Hinkley Point C, major education projects, and the Government Property Agency hub in Darlington, while property operations secured planning for a Manchester industrial scheme and completed a logistics development in Milton Keynes. Kier has also consolidated its Transportation and Natural Resources, Nuclear & Networks units into a single Infrastructure division to capitalise on UK government infrastructure spending, and strengthened its leadership team with the appointment of Tom Hinton as CFO and Martin Staehr as managing director of Construction, moves that position the group for the next phase of growth.

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.

Regulatory Filings and Compliance
Kier Group Updates Market on Total Voting Rights
Neutral
Jan 2, 2026

Kier Group plc has confirmed that, as of 31 December 2025, its issued share capital consisted of 452,875,390 ordinary shares, of which 10,978,468 are held in treasury, leaving 441,896,922 voting shares in circulation. This updated total voting rights figure provides investors and other stakeholders with the reference needed to assess and report their shareholdings under UK disclosure and transparency requirements, reinforcing the company’s compliance with financial market governance standards.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 03, 2026