Kier Group plc (LON:KIE) was downgraded by analysts at Numis Securities Ltd to an “add” rating in a research note issued on Thursday. They presently have a GBX 1,407 ($18.37) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 7.82% from the stock’s previous close.
Several other analysts have also recently commented on KIE. Jefferies Group decreased their target price 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. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,235 ($16.12) target price on shares of Kier Group plc in a research report on Tuesday, July 5th. Peel Hunt decreased their target price on Kier Group plc from GBX 1,800 ($23.50) to GBX 1,400 ($18.27) and set a “buy” rating for the company in a research report on Tuesday, July 19th. Beaufort Securities reaffirmed a “buy” rating on shares of Kier Group plc in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. decreased their target price 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 1,463.33 ($19.10).
Kier Group plc (LON:KIE) opened at 1287.28 on Thursday. The company has a 50-day moving average price of GBX 1,221.41 and a 200-day moving average price of GBX 1,189.04. The stock’s market cap is GBX 1.23 billion. Kier Group plc has a one year low of GBX 917.50 and a one year high of GBX 1,418.00.
The business 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 is a positive change from Kier Group plc’s previous dividend of $21.50. This represents a yield of 3.34%. The ex-dividend date is Thursday, September 29th.
In related news, insider Veritiero,Claudio bought 1,072 shares of the business’s stock in a transaction on Friday, July 15th. The shares were bought at an average cost of GBX 839 ($10.95) per share, for a total transaction 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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