Kier Group (LON:KIE) Sets New 52-Week High – Here’s What Happened

Kier Group plc (LON:KIE) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 177.80 ($2.41) and last traded at GBX 176.60 ($2.40), with a volume of 1117384 shares. The stock had previously closed at GBX 174.60 ($2.37).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 210 ($2.85) price objective on shares of Kier Group in a research report on Wednesday, June 4th.

Kier Group Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The firm has a market capitalization of £755.97 million, a price-to-earnings ratio of 17.68, a PEG ratio of 0.29 and a beta of 1.14. The stock’s 50 day moving average price is GBX 152.51 and its two-hundred day moving average price is GBX 145.64.

Kier Group (LON:KIE) last released its earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.12) earnings per share (EPS) for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. On average, analysts forecast that Kier Group plc will post 20.4913295 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.