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Kier Group plc ( (GB:KIE) ) has provided an announcement.
Kier Group plc has announced the purchase of 56,786 of its Ordinary shares at a price of 230 GBp each as part of its ongoing buyback programme initiated in January 2025. This transaction brings the total number of shares purchased under the programme to 6,902,724, which are held in treasury, while the total number of voting rights stands at 445,972,666. This strategic move is in line with regulatory requirements and aims to optimize the company’s capital structure, potentially impacting shareholder value and market perception.
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 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: 1,647,168
Technical Sentiment Signal: Hold
Current Market Cap: £958.3M
Learn more about KIE stock on TipRanks’ Stock Analysis page.