Kier Group (LON:KIE) Hits New 52-Week High – Should You Buy?

Kier Group plc (LON:KIE)’s share price hit a new 52-week high during trading on Wednesday. The company traded as high as GBX 328 and last traded at GBX 325.40, with a volume of 321,661 shares changing hands. The stock had previously closed at GBX 321.40.

Analysts Set New Price Targets

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

Kier Group Stock Performance

The firm’s 50-day moving average is GBX 295.13 and its 200 day moving average is GBX 240. The company has a debt-to-equity ratio of 360.81, a quick ratio of 0.69 and a current ratio of 0.90. The stock has a market cap of £1.37 billion, a PE ratio of 23.96, a P/E/G ratio of 0.29 and a beta of 0.89.

Kier Group (LON:KIE) last posted 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%. As a group, research analysts anticipate that Kier Group plc will post 20.49 EPS 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.