RBC Capital Markets raised Kier Group's price target from 215p to 330p following a strategic update highlighting stronger revenue growth, lower interest costs, and ongoing share buybacks. The broker expects Kier's revenue to reach about £5.1 billion by 2029, driven by growth in UK infrastructure sectors like water, defence, energy, and healthcare. Despite a slowdown in HS2 projects, revenue growth excluding HS2 is forecast at 8.2% annually through 2029. Margins are expected to stay stable, and Kier's exit from property development should improve its balance sheet and boost shareholder returns. RBC's price target is based on a sum-of-the-parts valuation, with an optimistic scenario reaching 380p if growth accelerates and debt is repaid earlier.
Kier Group's price target was recently raised by RBC Capital Markets. For readers following Industrials-sector stocks, here is Pluang's market snapshot as of Sep 29, 2026 16:01 WIB: out of 93 priced stocks, 47 rose and 39 fell. Notable movers include Plug Power Inc at USD 1.89 with a 1-day change of +1.61% and Nuscale Power Corporation at USD 7.99 with a 1-day change of +1.01%.
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