Keller Group Advances Share Buyback Program with Recent Purchase

The latest update is out from Keller Group plc ( (GB:KLR) ).

Keller Group plc has announced the purchase of 6,051 of its ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 1,500 to 1,520 pence, with a weighted average price of 1,508.8574 pence. This transaction is part of Keller’s strategy to hold these shares in treasury, which now totals 2,066,588 shares, while the total number of shares in issue stands at 73,099,735. This move is likely to impact the company’s financial structure and could influence shareholder value by potentially increasing earnings per share.

The most recent analyst rating on (GB:KLR) stock is a Hold with a £1540.00 price target. To see the full list of analyst forecasts on Keller Group plc stock, see the GB:KLR Stock Forecast page.

Spark’s Take on GB:KLR Stock

According to Spark, TipRanks’ AI Analyst, GB:KLR is a Outperform.

Keller Group plc’s strong financial performance, characterized by revenue growth and improved profitability, is a significant positive factor. The stock’s low P/E ratio indicates potential undervaluation, enhancing its attractiveness. However, neutral technical indicators suggest a lack of clear momentum, which slightly tempers the overall score.

To see Spark’s full report on GB:KLR stock, click here.

More about Keller Group plc

Keller Group plc is the world’s largest geotechnical specialist contractor, offering a wide range of advanced foundation and ground improvement techniques for the construction sector. With approximately 10,000 employees and operations spanning five continents, Keller undertakes around 5,500 projects annually, generating an estimated revenue of £3 billion.

Average Trading Volume: 125,572

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.06B

Find detailed analytics on KLR stock on TipRanks’ Stock Analysis page.