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Kier Group plc ( (GB:KIE) ) has shared an update.
Kier Group plc announced the purchase of 38,245 of its ordinary shares as part of its ongoing buyback programme, initiated on 21 January 2025. The shares were acquired at a volume-weighted average price of 228.59 GBp and will be held in treasury. This transaction is part of a larger strategy to manage the company’s capital structure, with a total of 6,751,709 shares purchased since the programme’s inception. The buyback programme reflects Kier’s efforts to optimize shareholder value and adjust its capital allocation, potentially impacting the company’s market positioning and stakeholder interests.
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, offering specialist design and build capabilities. The company leverages the knowledge, skills, and intellectual capital of its workforce to manage and integrate all aspects of a project.
Average Trading Volume: 1,641,882
Technical Sentiment Signal: Hold
Current Market Cap: £968.9M
See more insights into KIE stock on TipRanks’ Stock Analysis page.