Kier Group (LON:KIE) to Buyback 0 Outstanding Shares

Kier Group (LON:KIE) declared that its board has initiated a share repurchase program on Tuesday, March 3rd, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on KIE shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 240 price target on shares of Kier Group in a research report on Thursday, November 13th. Peel Hunt reiterated a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a research note on Tuesday, December 2nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 246.67.

Kier Group Stock Down 3.6%

KIE stock opened at GBX 226.50 on Wednesday. The stock has a market capitalization of £978.37 million, a P/E ratio of 18.72, a P/E/G ratio of 0.29 and a beta of 0.77. The company has a debt-to-equity ratio of 316.33, a current ratio of 0.88 and a quick ratio of 0.69. Kier Group has a 1-year low of GBX 107.20 and a 1-year high of GBX 253.50. The business has a fifty day moving average price of GBX 229.18 and a 200-day moving average price of GBX 218.31.

Kier Group (LON:KIE) last released its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 9.50 EPS for the quarter. Kier Group had a return on equity of 11.11% and a net margin of 1.38%. Equities analysts forecast that Kier Group will post 20.4913295 earnings per share 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. 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.