Kier Group (LON:KIE) Hits New 12-Month High – Still a Buy?

Kier Group plc (LON:KIE)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as GBX 255.80 and last traded at GBX 255.40, with a volume of 145969 shares traded. The stock had previously closed at GBX 249.80.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 260 price objective on shares of Kier Group in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 253.33.

Kier Group Trading Down 0.4%

The firm has a market cap of £1.13 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88. The company has a 50-day simple moving average of GBX 224.73 and a 200 day simple moving average of GBX 218.37. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 230.22.

Insiders Place Their Bets

In other news, insider Clive Watson acquired 1,156 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of GBX 197 per share, for a total transaction of £2,277.32. Insiders have acquired a total of 1,373 shares of company stock valued at $272,828 over the last three months. 2.16% of the stock is currently owned by insiders.

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.