Kier Group plc’s (KIE) Buy Rating Reaffirmed at Peel Hunt
Kier Group plc (LON:KIE)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a note issued to investors on Monday. They currently have a GBX 1,400 ($17.33) price objective on the stock. Peel Hunt’s price objective suggests a potential upside of 4.79% from the company’s current price.
Several other brokerages also recently commented on KIE. Liberum Capital reissued a “buy” rating and issued a GBX 1,420 ($17.57) price objective on shares of Kier Group plc in a research note on Wednesday, September 28th. Beaufort Securities restated a “buy” rating on shares of Kier Group plc in a research report on Friday, September 23rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Kier Group plc in a research report on Friday, September 23rd. Jefferies Group decreased their price target on shares of 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. Finally, Numis Securities Ltd cut shares of Kier Group plc to an “add” rating and set a GBX 1,407 ($17.41) price target for the company. in a research report on Thursday, September 22nd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 1,463.33 ($18.11).
Kier Group plc (LON:KIE) traded down 0.52% during trading on Monday, reaching GBX 1336.00. 387,892 shares of the company’s stock traded hands. The firm has a 50 day moving average price of GBX 1,283.72 and a 200-day moving average price of GBX 1,191.10. The firm’s market cap is GBX 1.27 billion. Kier Group plc has a 12 month low of GBX 917.50 and a 12 month high of GBX 1,418.00.
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The company also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, September 29th will be given a dividend of GBX 43 ($0.53) per share. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from Kier Group plc’s previous dividend of $21.50. This represents a dividend yield of 3.34%.
In related news, insider Veritiero,Claudio purchased 1,072 shares of Kier Group plc stock in a transaction on Friday, July 15th. The stock was acquired at an average cost of GBX 839 ($10.38) per share, for a total transaction of £8,994.08 ($11,131.29).
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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