Kier Group plc (KIE) Earns Buy Rating from Peel Hunt
Kier Group plc (LON:KIE)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 1,400 ($18.27) target price on the stock. Peel Hunt’s price target points to a potential upside of 4.46% from the company’s current price.
Several other research analysts also recently issued reports on KIE. Beaufort Securities reaffirmed a “buy” rating on shares of Kier Group plc in a research note on Tuesday, July 5th. JPMorgan Chase & Co. cut their price target on Kier Group plc from GBX 1,503 ($19.62) to GBX 1,338 ($17.47) and set an “overweight” rating for the company in a research note on Tuesday, July 5th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,235 ($16.12) price target on shares of Kier Group plc in a research note on Tuesday, July 5th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 1,407 ($18.37) price target on shares of Kier Group plc in a research note on Tuesday, July 12th. Finally, Jefferies Group cut their price target on Kier Group plc from GBX 1,500 ($19.58) to GBX 1,430 ($18.67) and set a “buy” rating for the company in a research note on Thursday, August 25th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Kier Group plc presently has an average rating of “Buy” and a consensus target price of GBX 1,463.33 ($19.10).
Kier Group plc (LON:KIE) opened at 1342.00 on Monday. Kier Group plc has a 52 week low of GBX 917.50 and a 52 week high of GBX 1,418.00. The firm’s 50-day moving average is GBX 1,276.27 and its 200 day moving average is GBX 1,192.11. The stock’s market cap is GBX 1.28 billion.
The firm also recently declared a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, September 29th will be issued a GBX 43 ($0.56) dividend. This is a boost from Kier Group plc’s previous dividend of $21.50. The ex-dividend date is Thursday, September 29th. This represents a yield of 3.34%.
In other Kier Group plc news, insider Veritiero,Claudio purchased 1,072 shares of the stock in a transaction on Friday, July 15th. The stock was bought at an average price of GBX 839 ($10.95) per share, for a total transaction of £8,994.08 ($11,740.09).
About Kier Group plc
Kier Group plc is a United Kingdom-based company, which provides property, residential, construction and services. The Company’s business segments are Property, Residential, Construction, Services and Corporate. The Company operates across a range of sectors, including defense, education, health, housing, industrials, power, property, transport and utilities.
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