Kier Group plc (LON:KIE - Get Free Report)'s share price was up 6.6% during mid-day trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 225 to GBX 240. Berenberg Bank currently has a buy rating on the stock. Kier Group traded as high as GBX 211 ($2.84) and last traded at GBX 204.69 ($2.76). Approximately 3,934,629 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 2,610,104 shares. The stock had previously closed at GBX 192 ($2.59).
Insider Activity at Kier Group
In other news, insider Simon Kesterton sold 350,000 shares of the business's stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of GBX 204, for a total transaction of £714,000. Company insiders own 1.50% of the company's stock.
Kier Group Price Performance
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 firm has a 50 day moving average of GBX 199.44 and a two-hundred day moving average of GBX 170.57. The company has a market cap of £924.23 million, a PE 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 earnings per share for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. Research analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current fiscal year.
About Kier Group
(
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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.
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