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

Key Points

• Kier Group plc shares hit a new 52-week high, trading at GBX 250 ($3.38) during peaks, and currently trades at GBX 192.20 ($2.60).
• Analysts from Berenberg Bank reaffirmed a "buy" rating with a target price of GBX 210, contributing to a consensus "Buy" rating for the stock.
• The company has a market cap of £825.62 million and notable financial metrics include a debt-to-equity ratio of 302.83 and a P/E ratio of 19.31.

Kier Group plc (LON:KIE - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 250 ($3.39) and last traded at GBX 192.20 ($2.60), with a volume of 1833236 shares changing hands. The stock had previously closed at GBX 192.80 ($2.61).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 210 target price on shares of Kier Group in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Kier Group currently has a consensus rating of "Buy" and a consensus price target of GBX 210.

Kier Group Price Performance

The firm has a market cap of £829.65 million, a P/E ratio of 2,004.21, a PEG ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. The company's 50-day moving average is GBX 202.24 and its two-hundred day moving average is GBX 166.50.

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.