Berenberg Bank Issues Positive Forecast for Kier Group (LON:KIE) Stock Price

Key Points

• Berenberg Bank raised Kier Group’s price target from GBX 300 to GBX 370 and maintained a “buy” rating, implying 18.06% upside from the prior close.
• Deutsche Bank also increased its target to GBX 330 and rated the shares “buy”; all four analysts tracked by MarketBeat currently have buy ratings, with an average target of GBX 300.
• Kier shares opened at GBX 313.40, near their 52-week high of GBX 319.40. The company reported quarterly EPS of GBX 23.50, but carries high leverage, with a debt-to-equity ratio of 360.81.

Kier Group (LON:KIE - Get Free Report) had its price target boosted by equities researchers at Berenberg Bank from GBX 300 to GBX 370 in a research note issued on Wednesday, London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 18.06% from the company's previous close.

Separately, Deutsche Bank Aktiengesellschaft upped their target price on shares of Kier Group from GBX 295 to GBX 330 and gave the company a "buy" rating in a report on Tuesday, September 15th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 300.

Kier Group Price Performance

Shares of KIE opened at GBX 313.40 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 360.81. The company's fifty day simple moving average is GBX 261.48 and its 200 day simple moving average is GBX 227.17. Kier Group has a 1-year low of GBX 186.80 and a 1-year high of GBX 319.40. The company has a market cap of £1.36 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 0.29 and a beta of 0.89.

Kier Group (LON:KIE - Get Free Report) last announced its quarterly earnings results on Tuesday, September 15th. The company reported GBX 23.50 EPS for the quarter. Kier Group had a net margin of 1.42% and a return on equity of 11.95%. On average, research analysts forecast that Kier Group will post 20.4913295 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. 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.

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