Kier Group’s (KIE) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Kier Group (LON:KIE) in a report published on Wednesday morning, MarketBeat.com reports. The firm currently has a GBX 210 ($2.84) price objective on the stock.

Kier Group Trading Down 0.7%

Shares of Kier Group stock opened at GBX 169 ($2.29) on Wednesday. Kier Group has a fifty-two week low of GBX 107.20 ($1.45) and a fifty-two week high of GBX 177.40 ($2.40). The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The company has a market capitalization of £727.48 million, a P/E ratio of 17.01, a P/E/G ratio of 0.29 and a beta of 1.14. The company has a fifty day moving average of GBX 147.31 and a 200 day moving average of GBX 144.71.

Kier Group (LON:KIE) last announced its quarterly earnings data on Tuesday, March 11th. The company reported GBX 8.70 ($0.12) EPS for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. On average, sell-side analysts anticipate that Kier Group will post 20.4913295 earnings per share for the current fiscal year.

Kier Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, April 24th were paid a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, April 24th. This represents a dividend yield of 1.66%. Kier Group’s payout ratio is currently 50.34%.

Insider Transactions at Kier Group

In other news, insider Matthew Lester bought 16,310 shares of Kier Group stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of GBX 123 ($1.66) per share, with a total value of £20,061.30 ($27,139.20). Insiders own 6.07% of the company’s stock.

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.