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

Kier Group plc (LON:KIE) shares hit a new 52-week high on Thursday. The company traded as high as GBX 322.60 and last traded at GBX 307.20, with a volume of 1,103,022 shares. The stock had previously closed at GBX 310.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KIE shares. Berenberg Bank upped their price objective on shares of Kier Group from GBX 300 to GBX 370 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft lifted their target price 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 300.

Kier Group Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 360.81. The company has a fifty day moving average price of GBX 290.68 and a 200 day moving average price of GBX 238.09. The stock has a market cap of £1.33 billion, a PE ratio of 22.76, a P/E/G ratio of 0.29 and a beta of 0.89.

Kier Group (LON:KIE) last issued its earnings results 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 expect 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.