Kier Group plc ( (GB:KIE) ) just unveiled an announcement.
Kier Group plc has announced the purchase of 80,000 of its own ordinary shares as part of a buyback program initiated earlier this year. The company intends to hold these shares in treasury, bringing the total number of shares purchased under the program to over 2.3 million. This move is part of Kier’s strategy to manage its share capital and potentially enhance shareholder value, reflecting a proactive approach to financial management and market positioning.
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.
YTD Price Performance: -21.29%
Average Trading Volume: 2,218,664
Technical Sentiment Signal: Strong Buy
Current Market Cap: £499.4M
See more insights into KIE stock on TipRanks’ Stock Analysis page.