Berenberg Bank Forecasts Strong Price Appreciation for Kier Group (LON:KIE) Stock

Key Points

• Berenberg Bank has raised its price target for Kier Group from GBX 210 to GBX 225, indicating a potential upside of 21.47% from the current price.
• Kier Group currently holds a "buy" rating from Berenberg Bank and has a market capitalization of £805.62 million.
• The stock traded at GBX 185.23, down GBX 1.17 during trading hours, with a trading volume significantly lower than its average.

Kier Group (LON:KIE - Get Free Report) had its target price raised by analysts at Berenberg Bank from GBX 210 to GBX 225 in a research note issued on Monday, MarketBeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price would suggest a potential upside of 18.42% from the stock's current price.

Kier Group Trading Down 0.4%

LON KIE traded down GBX 0.80 during trading on Monday, hitting GBX 190. 1,022,809 shares of the company's stock traded hands, compared to its average volume of 2,611,599. The stock has a fifty day moving average of GBX 199.14 and a two-hundred day moving average of GBX 168.68. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. Kier Group has a 12-month low of GBX 107.20 and a 12-month high of GBX 250. The firm has a market cap of £826.37 million, a P/E ratio of 2,000.00, a PEG ratio of 0.29 and a beta of 1.14.

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.