Rating Worth Watching: Kier Group PLC (LON:KIE) Buy Rating Reiterated at Peel Hunt; The Target Price is Set to GBX 1600.00

November 29, 2016 - By Adrian Mccoy

Kier Group PLC (LON:KIE) Rating

The financial company have set TP of GBX 1600.00 on Kier Group PLC (LON:KIE) shares. This is 16.75% from the current price. In analysts note released on Tuesday morning, Peel Hunt reconfirmed their Buy rating on shares of KIE.

Kier Group plc (LON:KIE) Ratings Coverage

Out of 10 analysts covering Kier Group PLC (LON:KIE), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. GBX 1800 is the highest target while GBX 1178 is the lowest. The GBX 1513 average target is 9.24% above today’s (GBX 1385) stock price. Kier Group PLC has been the topic of 61 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Friday, September 23. The rating was maintained by Liberum Capital on Wednesday, February 17 with “Buy”. The firm has “Overweight” rating by JP Morgan given on Monday, March 21. The stock has “Hold” rating given by Liberum Capital on Monday, September 21. Investec upgraded Kier Group plc (LON:KIE) on Thursday, January 28 to “Buy” rating. Peel Hunt maintained Kier Group plc (LON:KIE) rating on Tuesday, July 19. Peel Hunt has “Buy” rating and GBX 1400 price target. Investec maintained it with “Hold” rating and GBX 1475 target price in Thursday, September 17 report. Numis Securities maintained Kier Group plc (LON:KIE) on Tuesday, July 12 with “Buy” rating. Numis Securities downgraded Kier Group plc (LON:KIE) on Thursday, September 22 to “Add” rating. JP Morgan reinitiated the stock with “Overweight” rating in Tuesday, September 1 report.

About 21,795 shares traded hands. Kier Group plc (LON:KIE) has risen 16.05% since May 2, 2016 and is uptrending. It has outperformed by 10.79% the S&P500.

Kier Group plc is a property, residential, construction and services company. The company has a market cap of 1.33 billion GBP. The Company’s divisions include property, residential, construction and services. It currently has negative earnings. The property division encompasses property development and structured finance, and operates across various sectors with a focus on industrial, commercial, retail, leisure sectors and public sectors.

KIE Company Profile

SPDR KBW Insurance ETF (the Fund), formerly KBW Insurance ETF, seeks to replicate as closely as possible the performance of the KBW Insurance Index (the Insurance Index). The Insurance Index is a float-adjusted, modified market capitalization-weighted index, which measures the performance of companies in the insurance industry that are publicly traded in the United States. The Index includes companies active in the United States insurance industry that are listed on the NYSE, or another United States national securities exchange, or NASDAQ/National Market System.

Another recent and important Kier Group plc (LON:KIE) news was published by Fool.Co.Uk which published an article titled: “Should you buy 6% yielders BP plc, TUI Travel plc, Kier Group plc and Aberdeen …” on July 07, 2016.

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