Kier Group (LON:KIE) Insider Tom Hinton Buys 70 Shares

Kier Group plc (LON:KIE) insider Tom Hinton purchased 70 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average cost of GBX 213 per share, with a total value of £149.10.

Kier Group Trading Down 2.6%

LON KIE opened at GBX 214.60 on Tuesday. The firm has a market capitalization of £939.13 million, a P/E ratio of 16.38, a PEG ratio of 0.29 and a beta of 0.90. The business has a fifty day simple moving average of GBX 218.51 and a 200 day simple moving average of GBX 219.92. Kier Group plc has a 12 month low of GBX 130 and a 12 month high of GBX 253.50. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 230.22.

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

Kier Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 3rd that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 260 target price on shares of Kier Group in a research report on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 253.33.

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.