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 research note issued to investors on Wednesday, MarketBeat reports. They currently have a GBX 260 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 18.85% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Peel Hunt reiterated a “buy” rating and set a GBX 260 price target on shares of Kier Group in a research report on Tuesday, December 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 240 target price on shares of Kier Group in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 253.33.

Kier Group Trading Down 1.9%

Kier Group stock opened at GBX 218.76 on Wednesday. The stock has a 50-day moving average price of GBX 229.07 and a 200 day moving average price of GBX 218.35. The company has a market capitalization of £944.95 million, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 0.29 and a beta of 0.77. Kier Group has a 52 week low of GBX 107.20 and a 52 week high of GBX 253.50. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22.

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

Kier Group declared that its board has authorized a share repurchase program 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. Stock buyback programs are often an indication that the company’s management believes its stock is 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.