Kier Group plc (KIE) Receives Average Recommendation of “Buy” from Brokerages
Kier Group plc (LON:KIE) has received an average recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 1,547.80 ($20.36).
A number of equities analysts recently commented on KIE shares. Numis Securities Ltd restated a “buy” rating and set a GBX 1,510 ($19.86) target price on shares of Kier Group plc in a report on Wednesday, October 11th. Liberum Capital restated a “buy” rating and set a GBX 1,600 ($21.04) target price on shares of Kier Group plc in a report on Tuesday, October 31st. Peel Hunt restated a “buy” rating and set a GBX 1,600 ($21.04) target price on shares of Kier Group plc in a report on Tuesday, November 14th. Beaufort Securities restated a “buy” rating on shares of Kier Group plc in a report on Friday, September 22nd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a GBX 1,600 ($21.04) price objective on shares of Kier Group plc in a report on Thursday, September 21st.
In other Kier Group plc news, insider Haydn Mursell acquired 1,912 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average cost of GBX 1,046 ($13.76) per share, with a total value of £19,999.52 ($26,304.77). Also, insider Constance Baroudel bought 2,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was purchased at an average cost of GBX 1,161 ($15.27) per share, for a total transaction of £23,220 ($30,540.58). Over the last three months, insiders bought 3,939 shares of company stock worth $4,353,005.
Kier Group plc (LON:KIE) traded up GBX 30 ($0.39) during trading hours on Friday, hitting GBX 1,049 ($13.80). The stock had a trading volume of 790,345 shares, compared to its average volume of 253,813. Kier Group plc has a 52-week low of GBX 997.50 ($13.12) and a 52-week high of GBX 1,505 ($19.79).
The business also recently announced a dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, September 28th will be paid a GBX 45 ($0.59) dividend. This is a boost from Kier Group plc’s previous dividend of $22.50. This represents a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, September 28th.
About Kier Group plc
Kier Group plc is a property, residential, construction and services company. The Company’s segments include property, residential, construction and services. The property division encompasses property development and structured finance, and operates across various sectors with a focus on industrial, commercial, retail, leisure sectors and public sectors.
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