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

Shares of Kier Group plc (LON:KIE) reached a new 52-week high on Tuesday . The stock traded as high as GBX 318.80 and last traded at GBX 314.60, with a volume of 76144117 shares. The stock had previously closed at GBX 307.40.

Analyst Ratings Changes

KIE has been the subject of several recent analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kier Group from GBX 295 to GBX 330 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 272.50.

Kier Group Price Performance

The firm has a market capitalization of £1.32 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 0.29 and a beta of 0.89. The company’s 50 day moving average is GBX 254.77 and its 200-day moving average is GBX 224.50. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 360.81.

Kier Group (LON:KIE) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 23.50 earnings per share for the quarter. Kier Group had a net margin of 1.42% and a return on equity of 11.95%. Equities research analysts anticipate that Kier Group plc will post 20.4913295 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.