The latest announcement is out from Keller Group plc ( (GB:KLR) ).
Keller Group plc has announced the purchase of 23,247 of its ordinary shares as part of its ongoing share buyback program. The shares were acquired at prices ranging from 1,350 to 1,372 pence, with a weighted average price of 1,367.2942 pence. This move is part of Keller’s strategy to manage its capital structure and potentially enhance shareholder value by holding these shares in treasury, which may impact the total number of voting rights available to shareholders.
Spark’s Take on GB:KLR Stock
According to Spark, TipRanks’ AI Analyst, GB:KLR is a Outperform.
Keller Group plc demonstrates strong financial performance with robust cash flow and profitability, supported by strategic share buybacks. However, technical indicators suggest caution with weak stock momentum. Despite this, the attractive valuation presents a potential opportunity for investors, underpinned by a solid dividend yield and effective capital management strategies.
To see Spark’s full report on GB:KLR stock, click here.
More about Keller Group plc
YTD Price Performance: -10.21%
Average Trading Volume: 156,269
Technical Sentiment Signal: Sell
Current Market Cap: £947.5M
For a thorough assessment of KLR stock, go to TipRanks’ Stock Analysis page.