Kier Group (LON:KIE) Sets New 1-Year Low – Here’s What Happened

Kier Group plc (LON:KIE)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 118.80 ($1.54) and last traded at GBX 123.60 ($1.60), with a volume of 108632555 shares traded. The stock had previously closed at GBX 140 ($1.81).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 210 ($2.72) price objective on shares of Kier Group in a research note on Thursday, January 23rd.

Kier Group Price Performance

The firm has a fifty day moving average of GBX 144.89 and a two-hundred day moving average of GBX 145.49. The stock has a market capitalization of £529.24 million, a P/E ratio of 12.38, a P/E/G ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69.

Kier Group (LON:KIE) last announced its quarterly earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) earnings per share for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. On average, analysts predict that Kier Group plc will post 20.4913295 EPS for the current year.

Insiders Place Their Bets

In other news, insider Matthew Lester purchased 16,310 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of GBX 123 ($1.59) per share, with a total value of £20,061.30 ($25,986.14). 6.07% of the stock is owned by company insiders.

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.