Berenberg Bank Reiterates "Buy" Rating for Kier Group (LON:KIE)

Berenberg Bank reissued their buy rating on shares of Kier Group (LON:KIE - Free Report) in a report issued on Wednesday, MarketBeat.com reports. The firm currently has a GBX 210 ($2.85) price objective on the stock.

Kier Group Stock Performance

Shares of LON:KIE traded down GBX 1.30 ($0.02) on Wednesday, reaching GBX 169.90 ($2.31). 1,419,831 shares of the company's stock were exchanged, compared to its average volume of 2,893,113. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The company has a market capitalization 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 company has a fifty day moving average of GBX 146.47 and a 200-day moving average of GBX 144.60. Kier Group has a twelve month low of GBX 107.20 ($1.46) and a twelve month high of GBX 177.40 ($2.41).

Kier Group (LON:KIE - Get Free Report) last posted 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, research analysts predict that Kier Group will post 20.4913295 EPS for the current fiscal year.

Kier Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, April 24th were paid a GBX 2 ($0.03) dividend. This represents a 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 purchased 16,310 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of GBX 123 ($1.67) per share, with a total value of £20,061.30 ($27,242.40). 6.07% 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.