Kier Group (LON:KIE) Hits New 52-Week High - Here's Why

Key Points

• Kier Group achieved a new 52-week high, trading at GBX 215.50 ($2.94), with a trading volume of 2,396,155 shares.
• Analyst firm Berenberg Bank raised their price target for Kier Group from GBX 225 to GBX 240, maintaining a "buy" rating for the stock.
• The company reported earnings of GBX 21.60 per share, and they have a debt-to-equity ratio of 302.83, reflecting significant financial leverage.

Kier Group plc (LON:KIE - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 215.50 ($2.94) and last traded at GBX 215.50 ($2.94), with a volume of 2396155 shares. The stock had previously closed at GBX 205.50 ($2.80).

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on Kier Group from GBX 225 to GBX 240 and gave the stock a "buy" rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 240.

Kier Group Stock Performance

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 has a 50 day simple moving average of GBX 199.02 and a 200-day simple moving average of GBX 169.60. The stock has a market cap of £937.28 million, a P/E ratio of 2,268.42, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

Kier Group (LON:KIE - Get Free Report) last released its earnings results on Tuesday, September 16th. The company reported GBX 21.60 earnings per share for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. On average, equities analysts expect that Kier Group plc will post 20.4913295 earnings per share for the current fiscal year.

Insider Buying and Selling at Kier Group

In related news, insider Simon Kesterton sold 350,000 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total value of £714,000. 1.50% of the stock is owned by insiders.

Kier Group Company Profile

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.

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