Kier Group plc (KIE) Given Overweight Rating at JPMorgan Chase & Co.
Kier Group plc (LON:KIE)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday. They presently have a GBX 1,550 ($19.18) target price on the stock, up from their prior target price of GBX 1,178 ($14.58). JPMorgan Chase & Co.’s target price would suggest a potential upside of 16.02% from the company’s previous close.
Several other equities research analysts also recently issued reports on KIE. Peel Hunt reiterated a “buy” rating and set a GBX 1,400 ($17.33) price objective on shares of Kier Group plc in a research note on Monday. Liberum Capital boosted their price objective on shares of Kier Group plc from GBX 1,235 ($15.28) to GBX 1,420 ($17.57) and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Beaufort Securities reiterated a “buy” rating on shares of Kier Group plc in a research note on Wednesday, August 24th. Jefferies Group decreased their price objective 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 note on Thursday, August 25th. Finally, Numis Securities Ltd downgraded shares of Kier Group plc to an “add” rating and set a GBX 1,407 ($17.41) price objective for the company. in a research note on Thursday, September 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,504.67 ($18.62).
Shares of Kier Group plc (LON:KIE) opened at 1347.54 on Tuesday. The firm’s market capitalization is GBX 1.28 billion. The company’s 50-day moving average is GBX 1,283.72 and its 200 day moving average is GBX 1,191.10. Kier Group plc has a 52 week low of GBX 917.50 and a 52 week high of GBX 1,418.00.
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The business also recently declared a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, September 29th will be issued a GBX 43 ($0.53) dividend. The ex-dividend date is Thursday, September 29th. This is a boost from Kier Group plc’s previous dividend of $21.50. This represents a yield of 3.34%.
In related news, insider Veritiero,Claudio purchased 1,072 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were purchased at an average cost of GBX 839 ($10.38) per share, with a total value 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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