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Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group plc has announced the purchase of 38,127 of its own ordinary shares as part of a buyback programme initiated earlier in the year. This move is part of a broader strategy to manage the company’s capital structure, with the purchased shares intended to be held in treasury. The total number of shares purchased under the programme has reached 6,713,464, impacting the total number of voting rights available to shareholders.
The most recent analyst rating on (GB:KIE) stock is a Buy with a £258.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.
Spark’s Take on GB:KIE Stock
According to Spark, TipRanks’ AI Analyst, GB:KIE is a Outperform.
Kier Group plc’s strong technical momentum and positive earnings call are the most significant factors driving the score. Financial performance is solid, though high leverage remains a concern. Valuation is fair, with a reasonable P/E ratio and attractive dividend yield.
To see Spark’s full report on GB:KIE stock, click here.
More about Kier Group plc
Kier Group plc is a leading UK infrastructure services, construction, and property group. The company provides specialist design and build capabilities, leveraging the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of a project.
Average Trading Volume: 1,564,659
Technical Sentiment Signal: Hold
Current Market Cap: £958.4M
For detailed information about KIE stock, go to TipRanks’ Stock Analysis page.