Kier Group (LON:KIE) Announces Quarterly Earnings Results

Key Points

• Kier Group reported a quarterly earnings per share (EPS) of GBX 21.60, with a net margin of 1.09% and a return on equity of 8.23%.
• The company's stock opened at GBX 202.50, with a significant debt-to-equity ratio of 302.83 and a market capitalization of £880.74 million.
• Berenberg Bank raised its price target for Kier Group shares from GBX 210 to GBX 225, maintaining a "buy" rating, reflecting positive analyst sentiment.

Kier Group (LON:KIE - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported GBX 21.60 EPS for the quarter, Digital Look Earnings reports. Kier Group had a net margin of 1.09% and a return on equity of 8.23%.

Kier Group Trading Down 1.4%

Shares of Kier Group stock traded down GBX 3 during trading hours on Friday, reaching GBX 212.50. The stock had a trading volume of 2,787,696 shares, compared to its average volume of 2,603,462. The firm has a 50 day simple moving average of GBX 199.44 and a two-hundred day simple moving average of GBX 170.57. The firm has a market capitalization of £924.23 million, a price-to-earnings ratio of 2,236.84, a P/E/G ratio of 0.29 and a beta of 1.14. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. Kier Group has a 1 year low of GBX 107.20 and a 1 year high of GBX 250.

Insider Activity at Kier Group

In other news, insider Simon Kesterton sold 350,000 shares of the firm's stock in a transaction dated 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.