KBR (NYSE:KBR) has been downgraded from Neutral to Sell in a statement by Goldman Sachs earlier today.
- Updated: October 11, 2016
Goldman Sachs has downgraded KBR (NYSE:KBR) from Neutral to Sell in a statement released on 10/11/2016.
Having a price of $16.26, KBR (NYSE:KBR) traded -6.64% lower on the day. With the last stock price up 3.79% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. KBR has recorded a 50-day average of $14.82 and a two hundred day average of $14.63. Trade Volume was down over the average, with 618,826 shares of KBR changing hands under the typical 1,522,470
Recent Performance Chart
KBR has PE ratio of 11.77 with a one year low of $11.61 and a one year high of $19.94 and has a market capitalization of $0.
A total of 12 brokerages have released a report on KBR. One brokerage rating the company a strong buy, four brokerages rating the company a buy, ten brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $17.92.
General Company Details For KBR (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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