Kier Group’s (KIE) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Kier Group (LON:KIE) in a report issued on Wednesday,Digital Look reports. Berenberg Bank currently has a GBX 260 price objective on the stock.

Kier Group Stock Performance

Shares of KIE stock opened at GBX 240.20 on Wednesday. The firm has a market capitalization of £1.05 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 0.29 and a beta of 0.87. The firm has a fifty day simple moving average of GBX 211.04 and a two-hundred day simple moving average of GBX 215.67. 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 has a 12 month low of GBX 178.60 and a 12 month high of GBX 253.50.

Insider Activity at Kier Group

In other Kier Group news, insider Clive Watson bought 1,156 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of GBX 197 per share, with a total value of £2,277.32. Insiders have bought 1,373 shares of company stock worth $272,828 over the last ninety days. Insiders own 2.18% of the company’s stock.

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.