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The latest announcement is out from Keller Group plc ( (GB:KLR) ).
Keller Group plc has announced the completion of the first tranche of its share buyback program, purchasing 22,116 ordinary shares at an average price of 1,493.9397 pence per share. The company will hold these shares in treasury, and the buyback program is set to continue with a second tranche managed by Peel Hunt LLP, aiming for a maximum consideration of £12.5 million.
Spark’s Take on GB:KLR Stock
According to Spark, TipRanks’ AI Analyst, GB:KLR is a Outperform.
Keller Group plc exhibits strong financial performance and attractive valuation, supported by strategic share buybacks. However, technical indicators suggest caution due to weak momentum. The company’s strong cash flow, profitability, and shareholder-friendly initiatives provide a compelling investment opportunity, although attention to cost management and market trends is advised.
To see Spark’s full report on GB:KLR stock, click here.
More about Keller Group plc
Average Trading Volume: 274,159
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.05B
For detailed information about KLR stock, go to TipRanks’ Stock Analysis page.