Berenberg Bank Forecasts Strong Price Appreciation for Kier Group (LON:KIE) Stock

Kier Group (LON:KIE) had its target price boosted by Berenberg Bank from GBX 225 to GBX 240 in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 17.07% from the company’s previous close.

Kier Group Stock Down 0.2%

Shares of LON:KIE opened at GBX 205 on Tuesday. The firm has a fifty day moving average price of GBX 199.02 and a two-hundred day moving average price of GBX 169.60. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. Kier Group has a one year low of GBX 107.20 and a one year high of GBX 250. The company has a market cap of £891.61 million, a price-to-earnings ratio of 2,157.89, a PEG ratio of 0.29 and a beta of 1.14.

Kier Group (LON:KIE) last announced its quarterly earnings results on Tuesday, September 16th. The company reported GBX 21.60 EPS for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. Analysts anticipate that Kier Group will post 20.4913295 EPS for the current fiscal year.

Insider Activity

In other news, insider Simon Kesterton sold 350,000 shares of Kier Group stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of GBX 204, for a total transaction of £714,000. Corporate insiders own 1.50% of the company’s stock.

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.