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Kier upgraded by Numis

28 June 2017 15:36

Numis has upgraded its investment rating on Kier Group (LON:KIE) to buy (from add) on the back of the property, residential, construction and services company's full year trading update.

The broker said: "After what has been a transformational period of acquisitions and portfolio simplification which is now in place, we see management comments as signalling that we should look to a period of sustained organic growth across the group as benefits of strong market positions and good net investment in Property and Residential bear fruit."

Analysts have left their target price unchanged at 1,510p per share.

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