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

Kier Group plc (LON:KIE - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 186.45 ($2.51) and last traded at GBX 185.80 ($2.50), with a volume of 2876993 shares changing hands. The stock had previously closed at GBX 180 ($2.42).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 210 ($2.82) price target on shares of Kier Group in a research report on Wednesday, June 4th.

Kier Group Price Performance

The business has a 50-day simple moving average of GBX 158.98 and a 200 day simple moving average of GBX 147.05. The firm has a market cap of £823.04 million, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88.

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.