Kier Group plc (KIE) Given Buy Rating at Peel Hunt
Kier Group plc (LON:KIE)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a note issued to investors on Thursday. They presently have a GBX 1,400 ($18.27) price objective on the stock. Peel Hunt’s price target suggests a potential upside of 8.61% from the company’s current price.
KIE has been the subject of a number of other research reports. Beaufort Securities reiterated a “buy” rating on shares of Kier Group plc in a research note on Tuesday, July 5th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 1,407 ($18.37) target price on shares of Kier Group plc in a research note on Tuesday, July 12th. JPMorgan Chase & Co. cut their target price on shares of 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 note on Tuesday, July 5th. Jefferies Group cut their target price on shares of 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 note on Thursday, August 25th. Finally, Liberum Capital reiterated a “buy” rating and issued a GBX 1,235 ($16.12) target price on shares of Kier Group plc in a research note on Tuesday, July 5th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently 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% during trading on Thursday, hitting GBX 1289.00. The stock had a trading volume of 1,324,782 shares. Kier Group plc has a 1-year low of GBX 917.50 and a 1-year high of GBX 1,418.00. The firm’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 cap 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-given-buy-rating-at-peel-hunt.html
The firm also recently announced a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, September 29th will be issued a dividend of GBX 43 ($0.56) per share. This represents a yield of 3.34%. The ex-dividend date is Thursday, September 29th. This is a positive change from Kier Group plc’s previous dividend of $21.50.
In other Kier Group plc news, insider Veritiero,Claudio bought 1,072 shares of the stock in a transaction on Friday, July 15th. The stock was purchased 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.
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.