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Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group plc has announced the purchase of 56,127 of its Ordinary shares as part of its ongoing buyback programme initiated in January 2025. This transaction, executed through Peel Hunt LLP, is part of Kier’s strategy to hold the shares in treasury, enhancing the company’s financial structure and potentially increasing shareholder value. Following this purchase, Kier has acquired a total of 6,845,938 shares under the programme, with 446,029,452 shares representing the total number of voting rights in the company. This move is in line with regulatory requirements and aims to strengthen Kier’s market position.
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: 1,647,168
Technical Sentiment Signal: Hold
Current Market Cap: £958.3M
For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.