Kier Group (KIE) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Kier Group (LON:KIE) to a neutral rating in a report issued on Tuesday. They currently have GBX 482 ($6.30) price target on the stock, down from their previous price target of GBX 994 ($12.99).

A number of other equities analysts have also weighed in on the stock. Peel Hunt lowered shares of Kier Group to a restricted rating in a research note on Tuesday. Liberum Capital reaffirmed a buy rating on shares of Kier Group in a research note on Thursday, November 15th. Finally, Numis Securities reaffirmed a buy rating on shares of Kier Group in a research note on Friday, September 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 1,143.40 ($14.94).

Shares of KIE stock opened at GBX 399.60 ($5.22) on Tuesday. Kier Group has a 12-month low of GBX 942 ($12.31) and a 12-month high of GBX 1,505 ($19.67).

The business also recently announced a dividend, which was paid on Monday, December 3rd. Investors of record on Thursday, September 27th were paid a GBX 46 ($0.60) dividend. The ex-dividend date of this dividend was Thursday, September 27th. This is a positive change from Kier Group’s previous dividend of $23.00. This represents a yield of 4.43%.

Kier Group Company Profile

Kier Group plc primarily engages in construction business in the United Kingdom, the Americas, the Middle East, the Far East, and Australia. The company operates in four divisions: Property, Residential, Construction, and Services. It offers construction services, including civil engineering, construction management, engineering design, mechanical and electrical design, interiors and refurbishments, and construction related technical services, as well as infrastructure support services for rail network.

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