Kier Group plc (KIE) Earns Buy Rating from Peel Hunt
Kier Group plc (LON:KIE)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research report issued on Monday. They presently have a GBX 1,400 ($18.27) price objective on the stock. Peel Hunt’s price target would indicate a potential upside of 4.46% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Numis Securities Ltd cut Kier Group plc to an “add” rating and set a GBX 1,407 ($18.37) target price for the company. in a research note on Thursday, September 22nd. Jefferies Group decreased their target price 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. Beaufort Securities reaffirmed a “buy” rating on shares of Kier Group plc in a research note on Wednesday, August 24th. Liberum Capital upped their target price on Kier Group plc from GBX 1,235 ($16.12) to GBX 1,420 ($18.54) and gave the company a “buy” rating in a report on Thursday, September 22nd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Kier Group plc in a report on Friday, September 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 1,463.33 ($19.10).
Shares of Kier Group plc (LON:KIE) opened at 1342.00 on Monday. Kier Group plc has a one year low of GBX 917.50 and a one year high of GBX 1,418.00. The stock’s 50 day moving average price is GBX 1,276.27 and its 200-day moving average price is GBX 1,192.11. The stock’s market cap is GBX 1.28 billion.
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The firm also recently disclosed a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, September 29th will be paid a GBX 43 ($0.56) dividend. This is an increase from Kier Group plc’s previous dividend of $21.50. This represents a yield of 3.34%. The ex-dividend date of this dividend is Thursday, September 29th.
In other news, insider Veritiero,Claudio purchased 1,072 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was bought 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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