Kier Group plc (KIE) Receives Overweight Rating from JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their overweight rating on shares of Kier Group plc (LON:KIE) in a research note published on Tuesday. The brokerage currently has a GBX 1,550 ($19.18) target price on the stock, up from their prior target price of GBX 1,178 ($14.58).
A number of other research analysts have also weighed in on KIE. Peel Hunt reissued a buy rating and set a GBX 1,800 ($22.28) target price on shares of Kier Group plc in a research report on Monday, July 4th. Beaufort Securities reissued a buy rating on shares of Kier Group plc in a research report on Tuesday, July 5th. Liberum Capital reissued a buy rating and set a GBX 1,235 ($15.28) target price on shares of Kier Group plc in a research report on Tuesday, July 5th. Numis Securities Ltd reissued a buy rating and set a GBX 1,407 ($17.41) target price on shares of Kier Group plc in a research report on Tuesday, July 12th. Finally, Jefferies Group cut their target price on shares of Kier Group plc from GBX 1,500 ($18.56) to GBX 1,430 ($17.70) 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 given a buy rating to the company. Kier Group plc presently has an average rating of Buy and an average price target of GBX 1,516.11 ($18.76).
Kier Group plc (LON:KIE) traded down 0.76% during mid-day trading on Tuesday, reaching GBX 1347.70. The company’s stock had a trading volume of 97,107 shares. The firm’s market capitalization is GBX 1.28 billion. Kier Group plc has a 12 month low of GBX 917.50 and a 12 month high of GBX 1,418.00. The stock’s 50-day moving average is GBX 1,285.73 and its 200-day moving average is GBX 1,191.70.
The company also recently disclosed a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, September 29th will be paid a dividend of GBX 43 ($0.53) per share. This represents a yield of 3.34%. This is a boost from Kier Group plc’s previous dividend of $21.50. The ex-dividend date of this dividend is Thursday, September 29th.
In other news, insider Veritiero,Claudio acquired 1,072 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were purchased at an average cost of GBX 839 ($10.38) per share, with a total value of £8,994.08 ($11,131.29).
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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