Numis Securities Ltd Lowers Kier Group plc (KIE) to Add
Kier Group plc (LON:KIE) was downgraded by equities research analysts at Numis Securities Ltd to an “add” rating in a research note issued on Thursday. They presently have a GBX 1,407 ($18.37) price objective on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 9.92% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Peel Hunt reiterated a “buy” rating and issued a GBX 1,400 ($18.27) target price on shares of Kier Group plc in a report on Thursday. JPMorgan Chase & Co. reduced their price objective on Kier Group plc from GBX 1,338 ($17.47) to GBX 1,178 ($15.38) and set an “overweight” rating for the company in a research note on Monday, July 11th. Liberum Capital reissued a “buy” rating and issued a GBX 1,235 ($16.12) price objective on shares of Kier Group plc in a research note on Tuesday, July 5th. Beaufort Securities reissued a “buy” rating on shares of Kier Group plc in a research note on Wednesday, August 24th. Finally, Jefferies Group reduced their price objective 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 equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,442.78 ($18.83).
Shares of Kier Group plc (LON:KIE) opened at 1317.85 on Thursday. Kier Group plc has a 1-year low of GBX 917.50 and a 1-year high of GBX 1,418.00. The company’s market cap is GBX 1.26 billion. The company 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 acquired 1,072 shares of the business’s stock in a transaction on Friday, July 15th. The shares were acquired at an average price 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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