Kier Group (LON:KIE) Hits New 1-Year High – Here’s Why

Kier Group plc (LON:KIE) reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 321.16 and last traded at GBX 320.20, with a volume of 707,392 shares. The stock had previously closed at GBX 313.60.

Wall Street Analyst Weigh In

KIE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kier Group from GBX 295 to GBX 330 and gave the company a “buy” rating in a report on Tuesday, September 15th. Berenberg Bank increased their price objective on shares of Kier Group from GBX 300 to GBX 370 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 300.

Kier Group Stock Down 1.8%

The company has a 50-day moving average price of GBX 284.83 and a 200 day moving average price of GBX 235.79. The firm has a market capitalization of £1.34 billion, a PE ratio of 23.05, a P/E/G ratio of 0.29 and a beta of 0.89. The company has a debt-to-equity ratio of 360.81, a current ratio of 0.90 and a quick ratio of 0.69.

Kier Group (LON:KIE) last released its quarterly earnings data on Tuesday, September 15th. The company reported GBX 23.50 earnings per share for the quarter. Kier Group had a return on equity of 11.95% and a net margin of 1.42%. Analysts forecast that Kier Group plc will post 20.49 earnings per share for the current year.

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.