Kier Group (LON:KIE) Earns Buy Rating from Berenberg Bank

Kier Group (LON:KIE)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 260 price target on the stock. Berenberg Bank’s target price points to a potential upside of 9.24% from the stock’s current price.

Kier Group Trading Up 2.0%

Kier Group stock opened at GBX 238 on Wednesday. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69. The company has a market capitalization of £1.04 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 0.29 and a beta of 0.87. Kier Group has a one year low of GBX 178.60 and a one year high of GBX 253.50. The company’s fifty day moving average price is GBX 210.29 and its two-hundred day moving average price is GBX 215.54.

Insiders Place Their Bets

In related news, insider Clive Watson bought 1,156 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of GBX 197 per share, with a total value of £2,277.32. In the last three months, insiders purchased 1,373 shares of company stock valued at $272,828. 2.18% of the stock is currently owned by insiders.

About Kier Group

Kier Group is a leading infrastructure services, construction and property group based in the UK.

Our purpose is to sustainably deliver infrastructure which is vital to the UK with a vision is to be the UK’s leading infrastructure services and construction company.

We operate through three segments; Infrastructure Services, Construction and Property. Infrastructure Services comprises our Transportation and Natural Resources, Nuclear and Networks business. Transportation: builds and maintains roads for National Highways and a number of district and county councils as well as our rail, airports’ infrastructure and ports’ businesses.

Natural Resources, Nuclear and Networks: delivers long-term contracts providing repairs, maintains and support capital projects to the water, energy, and telecommunications sectors.

Construction — comprises of our Regional Building, Strategic Projects, Kier Places (Housing Maintenance and Facilities Management), and International businesses.