Published On: Fri, Sep 23rd, 2016

Beaufort Securities Reaffirms “Buy” Rating for Kier Group plc (KIE)

Kier Group plc (LON:KIE)‘s stock had its “buy” rating restated by analysts at Beaufort Securities in a research report issued to clients and investors on Friday.
A number of other research analysts have also issued reports on KIE. Peel Hunt restated a “buy” rating and set a GBX 1,800 ($23.50) price objective on shares of Kier Group plc in a research report on Monday, July 4th. JPMorgan Chase & Co. reduced their price objective 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 research report on Tuesday, July 5th. Liberum Capital restated a “buy” rating and set a GBX 1,235 ($16.12) price objective on shares of Kier Group plc in a research report on Tuesday, July 5th. Numis Securities Ltd restated a “buy” rating and set a GBX 1,407 ($18.37) price objective on shares of Kier Group plc in a research report on Tuesday, July 12th. Finally, Jefferies Group reduced their price objective 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 report on Thursday, August 25th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Kier Group plc presently has an average rating of “Buy” and a consensus target price of GBX 1,463.33 ($19.10).
Shares of Kier Group plc (LON:KIE) opened at 1299.30 on Friday. The firm has a 50-day moving average price of GBX 1,214.57 and a 200 day moving average price of GBX 1,188.23. Kier Group plc has a 12-month low of GBX 917.50 and a 12-month high of GBX 1,418.00. The firm’s market cap is GBX 1.24 billion.

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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 paid a GBX 43 ($0.56) dividend. This represents a dividend yield of 3.34%. The ex-dividend date is Thursday, September 29th. This is an increase from Kier Group plc’s previous dividend of $21.50.
In other news, insider Veritiero,Claudio acquired 1,072 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were bought at an average price 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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