Kier Group plc (KIE) PT Raised to GBX 1,420 at Liberum Capital
Kier Group plc (LON:KIE) had its target price lifted by investment analysts at Liberum Capital from GBX 1,235 ($16.12) to GBX 1,420 ($18.54) in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target suggests a potential upside of 10.16% from the stock’s current price.
KIE has been the subject of a number of other research reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,400 ($18.27) target price on shares of Kier Group plc in a report on Friday, September 16th. Beaufort Securities reaffirmed a “buy” rating on shares of Kier Group plc in a report on Tuesday, July 5th. JPMorgan Chase & Co. decreased their price target on Kier Group plc from GBX 1,503 ($19.62) to GBX 1,338 ($17.47) and set an “overweight” rating for the company in a report on Tuesday, July 5th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 1,407 ($18.37) price target on shares of Kier Group plc in a report on Tuesday, July 12th. Finally, Jefferies Group decreased their price target 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 report on Thursday, August 25th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 1,463.33 ($19.10).
Kier Group plc (LON:KIE) traded up 0.70% on Thursday, hitting GBX 1289.00. 1,324,782 shares of the company were exchanged. Kier Group plc has a 52-week low of GBX 917.50 and a 52-week high of GBX 1,418.00. The stock’s 50-day moving average price is GBX 1,214.57 and its 200-day moving average price is GBX 1,188.23. The stock’s market capitalization is GBX 1.23 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/kier-group-plc-kie-pt-raised-to-gbx-1420-at-liberum-capital.html
The firm also recently announced a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, September 29th will be paid a dividend of GBX 43 ($0.56) per share. This represents a dividend yield of 3.34%. This is an increase from Kier Group plc’s previous dividend of $21.50. The ex-dividend date is Thursday, September 29th.
In other Kier Group plc news, insider Veritiero,Claudio bought 1,072 shares of Kier Group plc stock in a transaction dated Friday, July 15th. The stock was acquired 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.
Receive News & Ratings for Kier Group plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Kier Group plc and related companies with MarketBeat.com’s FREE daily email newsletter.