Kier Group’s (KIE) Buy Rating Reiterated at Peel Hunt

Peel Hunt restated their buy rating on shares of Kier Group (LON:KIE) in a report published on Thursday morning, Marketbeat reports. The firm currently has a GBX 260 price objective on the stock.

Separately, Berenberg Bank lifted their target price on Kier Group from GBX 225 to GBX 240 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 246.67.

Kier Group Trading Up 0.7%

Shares of LON:KIE opened at GBX 211.50 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83. The company’s 50-day moving average price is GBX 215.57 and its 200 day moving average price is GBX 196.85. The company has a market cap of £920.31 million, a PE ratio of 17.48, a P/E/G ratio of 0.29 and a beta of 1.14. Kier Group has a fifty-two week low of GBX 107.20 and a fifty-two week high of GBX 250.

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%. Sell-side analysts anticipate that Kier Group will post 20.4913295 earnings per share for the current year.

Insider Buying and Selling at Kier Group

In other news, insider Simon Kesterton sold 350,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total value of £714,000. 2.12% of the stock is currently owned by company insiders.

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.