Kier Group (LON:KIE) Reaches New 1-Year High – Time to Buy?

Kier Group plc (LON:KIE) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 328 and last traded at GBX 325.40, with a volume of 321,661 shares traded. The stock had previously closed at GBX 321.40.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Berenberg Bank lifted their target price on Kier Group from GBX 300 to GBX 370 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Deutsche Bank boosted their price objective on Kier Group from GBX 295 to GBX 330 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Three analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 320.

Kier Group Stock Down 0.7%

The business’s 50 day moving average is GBX 298.14 and its 200 day moving average is GBX 241.01. The company has a market cap of £1.37 billion, a P/E ratio of 23.84, a P/E/G ratio of 0.29 and a beta of 0.89. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 360.81.

Kier Group (LON:KIE) last announced its earnings results on Tuesday, September 15th. The company reported GBX 23.50 earnings per share for the quarter. Kier Group had a net margin of 1.42% and a return on equity of 11.95%. As a group, equities analysts anticipate that Kier Group plc will post 20.49 earnings per share for the current fiscal year.

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.