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KBR, Inc. (NYSE:KBR) target price raised to $17.00, reported today by Zacks Investment Research

Yesterday KBR, Inc. (NYSE:KBR) traded -9.91% lower at $13.61. The company’s 50-day moving average is $14.86 and its 200-day moving average is $14.62. The last stock close price is down -6.77% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 5,230,453 shares of the stock were exchanged, up from an average trading volume of 1,251,010

KBR, Inc. (NYSE:KBR) had its target price raised to $17.00 by Zacks Investment Research in a report released 10/3/2016. The new target price indicates a possible upside of 0.25% based on the company's last stock close price.

Previously on 8/02/2016, MKM Partners reported about KBR, Inc. (NYSE:KBR) raised the target price from $13.00 to $14.00. At the time, this indicated a possible downside of -0.01%.

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KBR, Inc. has a 52 week low of $11.61 and a 52 week high of $19.94 with a P/E ratio of 10.57 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $17.92 with 1 firm rating the stock a strong buy, 4 firms rating the stock a buy, 10 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About KBR, Inc. (NYSE:KBR)

KBR, Inc. (KBR) is an engineering, procurement, construction and services company. The Company supports global hydrocarbons and international Government services market sectors. It operates through three business segments: Technology & Consulting (T&C), Engineering & Construction (E&C), and Government Services (GS). Its T&C segment combines KBR technologies, knowledge-based services and its three specialty consulting brands, Granherne, Energo and GVA, under a customer-facing global business. Its E&C segment offers project delivery solutions from conceptual planning, through FEED and execution planning, to full EPC delivery and ongoing asset services, such as maintenance and turnarounds. Its GS segment focuses on service contracts with annuity streams particularly for the United Kingdom, Australian and the United States Governments. It provides services to a customer base, including international and national oil and gas companies and petrochemical producers.

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