Published On: Fri, Sep 23rd, 2016

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.

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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.

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