Berenberg Bank Reiterates “Buy” Rating for Kier Group (LON:KIE)

Kier Group (LON:KIE)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report released on Wednesday, MarketBeat.com reports. They currently have a GBX 260 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 20.48% from the stock’s current price.

Kier Group Stock Performance

KIE opened at GBX 215.80 on Wednesday. The stock has a market cap of £944.38 million, a P/E ratio of 16.47, a P/E/G ratio of 0.29 and a beta of 0.90. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69. The stock’s 50 day simple moving average is GBX 218.90 and its 200 day simple moving average is GBX 220.03. Kier Group has a 1-year low of GBX 129.20 and a 1-year high of GBX 253.50.

Kier Group (LON:KIE) last released its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share for the quarter. Kier Group had a return on equity of 11.69% and a net margin of 1.47%. As a group, equities analysts anticipate that Kier Group will post 20.4913295 EPS for the current fiscal year.

Kier Group announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 3rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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. 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.