Analyst Price Target Update on KBR (NYSE:KBR)

KBR (NYSE:KBR): The mean estimate for the short term price target for KBR (NYSE:KBR) stands at $18.21 according to 7 Analysts. The higher price target estimate for the stock has been calculated at $24 while the lower price target estimate is at $14.

Many analysts have stated their opinion on the company shares. Johnson Rice downgrades its view on KBR (NYSE:KBR) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Accumulate. The rating by the firm was issued on May 2, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Harrington Ivor, officer (President E&C) of Kbr, Inc., had unloaded 14,965 shares at an average price of $15.5 in a transaction dated on March 9, 2015. The total value of the transaction was worth $231,958.

KBR (NYSE:KBR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.38 points or 2.59% at $14.27 with 1,481,468 shares getting traded. Post opening the session at $14.52, the shares hit an intraday low of $14.26 and an intraday high of $14.705 and the price was in this range throughout the day. The company has a market cap of $2,032 million and the number of outstanding shares have been calculated to be 142,423,300 shares. The 52-week high of KBR (NYSE:KBR) is $20.77 and the 52-week low is $11.605.

KBR, Inc. is an engineering, procurement, construction and services company. The Company offers a portfolio of technology and consulting services; engineering, construction, procurement and asset maintenance services; and base operational, logistics, life support and asset management services. The Company operates in three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C) and Government Services (GS). The T&C segment provides technologies and consulting services to the oil and gas value chain. The E&C provides engineering and engineering, procurement and construction services for the development, construction and commissioning of projects. The GS business segment focuses on service contracts particularly for the United Kingdom, Australian and United States Governments. It provides services to international and national oil and gas companies, independent refiners, manufacturers and domestic and foreign Governments, among others.

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