Peel Hunt Reiterates Buy Rating for Kier Group plc (KIE)
Kier Group plc (LON:KIE)‘s stock had its “buy” rating reiterated by equities researchers at Peel Hunt in a report issued on Thursday.
A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,550 ($19.37) price objective (up previously from GBX 1,178 ($14.72)) on shares of Kier Group plc in a report on Tuesday, October 11th. Liberum Capital reiterated a “buy” rating and issued a GBX 1,420 ($17.74) price objective on shares of Kier Group plc in a report on Wednesday, September 28th. Beaufort Securities reiterated a “buy” rating on shares of Kier Group plc in a report on Friday, September 23rd. Numis Securities Ltd boosted their price objective on shares of Kier Group plc from GBX 1,407 ($17.58) to GBX 1,510 ($18.87) and gave the stock an “add” rating in a report on Wednesday, October 12th. Finally, Jefferies Group cut their price objective on shares of Kier Group plc from GBX 1,500 ($18.74) to GBX 1,430 ($17.87) and set a “buy” rating on the stock in a report on Thursday, August 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,441.88 ($18.01).
Kier Group plc (LON:KIE) opened at 1404.00 on Thursday. Kier Group plc has a 12-month low of GBX 917.50 and a 12-month high of GBX 1,431.72. The company’s 50 day moving average price is GBX 1,357.54 and its 200-day moving average price is GBX 1,213.30. The stock’s market cap is GBX 1.34 billion.
The business also recently announced a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, September 29th will be paid a GBX 43 ($0.54) dividend. This represents a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from Kier Group plc’s previous dividend of $21.50.
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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