Kier Group (LON:KIE) Shares Up 6.6% on Analyst Upgrade

Shares of Kier Group plc (LON:KIE) shot up 6.6% on Wednesday after Berenberg Bank raised their price target on the stock from GBX 225 to GBX 240. Berenberg Bank currently has a buy rating on the stock. Kier Group traded as high as GBX 211 ($2.88) and last traded at GBX 204.69 ($2.79). 3,934,629 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 2,610,104 shares. The stock had previously closed at GBX 192 ($2.62).

Insider Buying and Selling at Kier Group

In related news, insider Simon Kesterton sold 350,000 shares of Kier Group stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total value of £714,000. 1.50% of the stock is currently owned by company insiders.

Kier Group Stock Performance

The firm has a fifty day moving average of GBX 199.02 and a 200-day moving average of GBX 169.60. The stock has a market capitalization 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. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83.

Kier Group (LON:KIE) last issued its quarterly earnings data on Tuesday, September 16th. The company reported GBX 21.60 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. As a group, sell-side analysts anticipate 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.