Kier Group plc (KIE) Rating Lowered to Add at Numis Securities Ltd
Kier Group plc (LON:KIE) was downgraded by stock analysts at Numis Securities Ltd to an “add” rating in a research report issued on Thursday. They presently have a GBX 1,407 ($18.37) price target on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 9.92% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. Peel Hunt restated a “buy” rating and issued a GBX 1,400 ($18.27) target price on shares of Kier Group plc in a research note on Thursday. Jefferies Group cut their target price on Kier Group plc from GBX 1,500 ($19.58) to GBX 1,430 ($18.67) and set a “buy” rating on the stock in a research note on Thursday, August 25th. Beaufort Securities restated a “buy” rating on shares of Kier Group plc in a research note on Wednesday, August 24th. JPMorgan Chase & Co. cut their target price on Kier Group plc from GBX 1,338 ($17.47) to GBX 1,178 ($15.38) and set an “overweight” rating on the stock in a research note on Monday, July 11th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 1,235 ($16.12) target price on shares of Kier Group plc in a research note on Tuesday, July 5th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,442.78 ($18.83).
Shares of Kier Group plc (LON:KIE) opened at 1300.36 on Thursday. Kier Group plc has a 52-week low of GBX 917.50 and a 52-week high of GBX 1,418.00. The company’s market capitalization is GBX 1.24 billion. The stock has a 50 day moving average price of GBX 1,206.69 and a 200 day moving average price of GBX 1,187.03.
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In other Kier Group plc news, insider Veritiero,Claudio bought 1,072 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were acquired at an average cost of GBX 839 ($10.95) per share, with a total value 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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