Kier Group (LON:KIE) Given New GBX 240 Price Target at Berenberg Bank

Key Points

• Berenberg Bank has raised its target price for Kier Group stock from GBX 225 to GBX 240, suggesting a potential upside of 17.19% from its current price.
• The company reported earnings of GBX 21.60 per share for the last quarter, with a net margin of 1.09% and a return on equity of 8.23%.
• Kier Group, a major UK infrastructure services and construction company, currently has a market cap of £890.70 million and a price-to-earnings ratio of 2,155.69.

Kier Group (LON:KIE - Get Free Report) had its price objective upped by equities research analysts at Berenberg Bank from GBX 225 to GBX 240 in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price target points to a potential upside of 12.94% from the company's current price.

Kier Group Stock Down 1.4%

Shares of LON:KIE traded down GBX 3 during mid-day trading on Tuesday, reaching GBX 212.50. 2,787,696 shares of the stock were exchanged, compared to its average volume of 2,603,462. The stock's 50 day simple moving average is GBX 199.44 and its 200-day simple moving average is GBX 170.74. Kier Group has a one year low of GBX 107.20 and a one year high of GBX 250. 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 company has a market cap of £924.23 million, a P/E ratio of 2,236.84, a P/E/G ratio of 0.29 and a beta of 1.14.

Kier Group (LON:KIE - Get Free Report) last issued its quarterly earnings results on Tuesday, September 16th. The company reported GBX 21.60 EPS for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. As a group, equities research analysts predict that Kier Group will post 20.4913295 EPS for the current year.

Insider Activity

In other news, insider Simon Kesterton sold 350,000 shares of the firm's stock in a transaction that occurred on 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 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.