Kier Group plc (KIE) Receives Overweight Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Kier Group plc (LON:KIE) in a report issued on Tuesday. They currently have a GBX 1,550 ($19.18) target price on the stock, up from their previous target price of GBX 1,178 ($14.58).
KIE has been the subject of several other reports. Peel Hunt reduced their price objective on Kier Group plc from GBX 1,800 ($22.28) to GBX 1,400 ($17.33) and set a buy rating for the company in a research note on Tuesday, July 19th. Beaufort Securities reiterated a buy rating on shares of Kier Group plc in a research report on Tuesday, July 5th. Liberum Capital lifted their price target on Kier Group plc from GBX 1,235 ($15.28) to GBX 1,420 ($17.57) and gave the company a buy rating in a research report on Thursday, September 22nd. Numis Securities Ltd reiterated a buy rating and set a GBX 1,407 ($17.41) price target on shares of Kier Group plc in a research report on Tuesday, July 12th. Finally, Jefferies Group reduced their price target on Kier Group plc from GBX 1,500 ($18.56) to GBX 1,430 ($17.70) and set a buy rating for the company in a research report on Thursday, August 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of GBX 1,516.11 ($18.76).
Kier Group plc (LON:KIE) traded down 0.76% during trading on Tuesday, hitting GBX 1347.70. The stock had a trading volume of 97,107 shares. Kier Group plc has a 52-week low of GBX 917.50 and a 52-week high of GBX 1,418.00. The stock’s market capitalization is GBX 1.28 billion. The stock’s 50-day moving average is GBX 1,285.73 and its 200-day moving average is GBX 1,191.70.
The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, September 29th will be paid a dividend of GBX 43 ($0.53) per share. The ex-dividend date of this dividend is Thursday, September 29th. This is an increase from Kier Group plc’s previous dividend of $21.50. This represents a yield of 3.34%.
In related news, insider Veritiero,Claudio acquired 1,072 shares of Kier Group plc stock in a transaction on Friday, July 15th. The stock was purchased at an average cost of GBX 839 ($10.38) per share, with a total value of £8,994.08 ($11,131.29).
Kier Group plc Company Profile
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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