Kier Group's (KIE) "Buy" Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Kier Group (LON:KIE - Free Report) in a research report sent to investors on Wednesday morning, MarketBeat.com reports. They currently have a GBX 210 ($2.84) price objective on the stock.

Kier Group Stock Performance

KIE traded down GBX 1.20 ($0.02) on Wednesday, hitting GBX 169 ($2.29). 819,078 shares of the company traded hands, compared to its average volume of 2,873,909. The company has a 50 day moving average of GBX 147.31 and a 200-day moving average of GBX 144.70. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83. The stock has a market capitalization of £727.48 million, a PE ratio of 17.01, a PEG ratio of 0.29 and a beta of 1.14. Kier Group has a 12-month low of GBX 107.20 ($1.45) and a 12-month high of GBX 177.40 ($2.40).

Kier Group (LON:KIE - Get Free Report) last issued its 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 return on equity of 8.23% and a net margin of 1.09%. Sell-side analysts anticipate that Kier Group will post 20.4913295 earnings per share for the current year.

Kier Group Cuts Dividend

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

Insider Transactions at Kier Group

In other Kier Group news, insider Matthew Lester acquired 16,310 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of GBX 123 ($1.66) per share, for a total transaction of £20,061.30 ($27,139.20). Insiders own 6.07% of the company's stock.

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.