Kier Group (LON:KIE) Reaches New 1-Year High – Should You Buy?

Shares of Kier Group plc (LON:KIE) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 255.80 and last traded at GBX 255.40, with a volume of 145969 shares trading hands. The stock had previously closed at GBX 249.80.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 260 target price on shares of Kier Group in a research note on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kier Group presently has an average rating of “Buy” and an average price target of GBX 253.33.

Kier Group Trading Up 1.7%

The firm has a market capitalization of £1.11 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 0.29 and a beta of 0.87. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22. The firm’s 50-day simple moving average is GBX 222.67 and its 200-day simple moving average is GBX 217.91.

Insider Buying and Selling at Kier Group

In related news, insider Clive Watson acquired 1,156 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of GBX 197 per share, with a total value of £2,277.32. In the last 90 days, insiders have acquired 1,373 shares of company stock worth $272,828. Company insiders own 2.16% of the company’s stock.

Kier Group Company Profile

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.