Kier Group (LON:KIE) Shares Down 14.9% – Should You Sell?

Kier Group plc (LON:KIE)’s share price fell 14.9% during trading on Tuesday . The company traded as low as GBX 119.20 ($1.53) and last traded at GBX 119.20 ($1.53). 7,705,329 shares were traded during mid-day trading, an increase of 118% from the average session volume of 3,529,898 shares. The stock had previously closed at GBX 140 ($1.80).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 210 ($2.70) target price on shares of Kier Group in a report on Thursday, January 23rd.

Kier Group Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83. The stock has a market cap of £532.05 million, a PE ratio of 12.44, a PEG ratio of 0.29 and a beta of 1.14. The business’s 50-day simple moving average is GBX 146.40 and its 200-day simple moving average is GBX 146.16.

Kier Group (LON:KIE) last posted its earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) EPS for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. On average, research analysts expect that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Insider Transactions at Kier Group

In other Kier Group news, insider Matthew Lester purchased 16,310 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of GBX 123 ($1.58) per share, with a total value of £20,061.30 ($25,828.89). Corporate insiders own 6.07% 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.