Keller Group plc ( (GB:KLR) ) just unveiled an update.
Keller Group plc has announced the purchase of 32,113 of its ordinary shares as part of its ongoing share buyback programme. The shares were acquired at prices ranging from 1,370.00 to 1,398.00 pence, with a weighted average price of 1,381.2747 pence. These shares will be held in treasury, increasing the total number of treasury shares to 551,348, while the total number of shares in issue, including treasury shares, stands at 73,099,735. This move is part of Keller’s strategy to manage its capital structure and potentially enhance shareholder value.
Spark’s Take on GB:KLR Stock
According to Spark, TipRanks’ AI Analyst, GB:KLR is a Outperform.
Keller Group plc demonstrates a strong financial performance with robust cash flow and profitability, supported by strategic share buybacks. While technical indicators suggest caution, the stock’s attractive valuation presents a potential opportunity for investors. The company’s strategic focus on capital management further enhances its investment appeal.
To see Spark’s full report on GB:KLR stock, click here.
More about Keller Group plc
YTD Price Performance: -4.83%
Average Trading Volume: 154,770
Technical Sentiment Signal: Sell
Current Market Cap: £985M
See more data about KLR stock on TipRanks’ Stock Analysis page.