Kier Group’s (KIE) Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Kier Group (LON:KIE) in a report released on Thursday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 240 target price on the stock.

A number of other equities analysts have also recently issued reports on the company. Berenberg Bank raised their target price on Kier Group from GBX 225 to GBX 240 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Peel Hunt reissued a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 246.67.

Kier Group Stock Performance

Shares of Kier Group stock opened at GBX 211.50 on Thursday. The firm has a fifty day moving average of GBX 215.57 and a two-hundred day moving average of GBX 196.85. 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 stock has a market capitalization of £920.31 million, a price-to-earnings ratio of 17.48, a PEG ratio of 0.29 and a beta of 1.14. Kier Group has a 52 week low of GBX 107.20 and a 52 week high of GBX 250.

Kier Group (LON:KIE) last posted its quarterly earnings results on Tuesday, September 16th. The company reported GBX 21.60 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. As a group, equities research analysts predict that Kier Group will post 20.4913295 EPS for the current year.

Insider Activity

In related news, insider Simon Kesterton sold 350,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total transaction of £714,000. Corporate insiders own 2.12% 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.