Clive Watson Acquires 1,156 Shares of Kier Group (LON:KIE) Stock

Kier Group plc (LON:KIE) insider Clive Watson bought 1,156 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of GBX 197 per share, for a total transaction of £2,277.32.

Kier Group Trading Down 1.2%

LON:KIE traded down GBX 2.40 on Monday, hitting GBX 203.20. The stock had a trading volume of 1,204,907 shares, compared to its average volume of 4,483,007. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22. The stock has a market cap of £885.48 million, a price-to-earnings ratio of 15.51, a PEG ratio of 0.29 and a beta of 0.85. The company has a fifty day moving average price of GBX 204.93 and a two-hundred day moving average price of GBX 216.15. Kier Group plc has a 1-year low of GBX 175.48 and a 1-year high of GBX 253.50.

Kier Group declared that its board has authorized a stock repurchase plan on Tuesday, March 3rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 260 price objective on shares of Kier Group in a report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kier Group presently has a consensus rating of “Buy” and a consensus target price of GBX 253.33.

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.