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Keller Group plc ( (GB:KLR) ) has provided an announcement.
Keller Group plc has announced the purchase of 14,243 of its ordinary shares as part of its share buyback programme, executed through Investec Bank plc. This move is part of Keller’s strategy to manage its capital structure and enhance shareholder value, with the purchased shares intended to be held in treasury. Following this transaction, Keller holds 1,896,403 shares in treasury, with a total of 73,099,735 shares in issue, indicating a strategic approach to optimize its financial position.
The most recent analyst rating on (GB:KLR) stock is a Buy with a £1493.00 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 operates in the engineering and construction industry, specializing in geotechnical solutions. The company focuses on providing services such as ground engineering and foundation solutions to a wide range of infrastructure and building projects globally.
Average Trading Volume: 126,828
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.07B
Learn more about KLR stock on TipRanks’ Stock Analysis page.