Kier Group (LON:KIE) Sets New 52-Week High - Here's What Happened

Kier Group plc (LON:KIE - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 177.40 ($2.40) and last traded at GBX 175.80 ($2.38), with a volume of 1407395 shares trading hands. The stock had previously closed at GBX 168.40 ($2.28).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 210 ($2.85) target price on shares of Kier Group in a research report on Wednesday.

Kier Group Stock Down 0.8%

The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The stock has a market cap of £731.35 million, a price-to-earnings ratio of 17.11, a PEG ratio of 0.29 and a beta of 1.14. The firm's 50-day simple moving average is GBX 145.57 and its two-hundred day simple moving average is GBX 144.47.

Kier Group (LON:KIE - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.12) earnings per share (EPS) for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. On average, sell-side analysts expect that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Kier Group Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, April 24th were given a GBX 2 ($0.03) dividend. This represents a dividend yield of 1.66%. The ex-dividend date was Thursday, April 24th. Kier Group's payout ratio is 50.34%.

Insider Activity at Kier Group

In other Kier Group news, insider Matthew Lester bought 16,310 shares of Kier Group stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of GBX 123 ($1.67) per share, with a total value of £20,061.30 ($27,187.02). 6.07% of the stock is currently owned by corporate insiders.

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.