Insider Buying: Kier Group (LON:KIE) Insider Acquires £150.28 in Stock

Kier Group plc (LON:KIE) insider Tom Hinton bought 68 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was bought at an average price of GBX 221 per share, for a total transaction of £150.28.

Tom Hinton also recently made the following trade(s):

• On Thursday, June 18th, Tom Hinton bought 72 shares of Kier Group stock. The shares were bought at an average cost of GBX 208 per share, for a total transaction of £149.76.
• On Monday, May 18th, Tom Hinton purchased 77 shares of Kier Group stock. The shares were bought at an average price of GBX 196 per share, with a total value of £150.92.

Kier Group Trading Up 2.9%

LON KIE opened at GBX 240.20 on Thursday. The firm has a market capitalization of £1.05 billion, a P/E ratio of 18.34, a PEG ratio of 0.29 and a beta of 0.87. The business has a fifty day simple moving average of GBX 211.04 and a 200 day simple moving average of GBX 215.67. Kier Group plc has a 12 month low of GBX 178.60 and a 12 month high of GBX 253.50. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 230.22.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 260 price target on shares of Kier Group in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 253.33.

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.