Kier Group (LON:KIE) Trading 6.6% Higher Following Analyst Upgrade

Kier Group plc (LON:KIE)’s share price was up 6.6% during mid-day trading 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). Approximately 3,934,629 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 2,610,104 shares. The stock had previously closed at GBX 192 ($2.62).

Insider Activity

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

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 company’s 50 day moving average is GBX 199.02 and its 200-day moving average is GBX 169.60. The company has a market capitalization of £891.61 million, a P/E ratio of 2,157.89, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

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

Kier Group Company Profile

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.