Kier Group (LON:KIE) Stock Price Up 6.6% - Here's What Happened

Key Points

• Kier Group's stock price increased by 6.6%, closing at GBX 204.69 ($2.79) after reaching a high of GBX 211 ($2.88) during mid-day trading.
• Berenberg Bank raised its target price for Kier Group from GBX 210 to GBX 225 and assigned a "buy" rating, contributing to the consensus "buy" rating for the stock.
• The company reported earnings of GBX 21.60 per share in its last quarterly results, with analysts forecasting a total EPS of approximately 20.49 for the current year.

Kier Group plc (LON:KIE - Get Free Report)'s stock price rose 6.6% during mid-day trading on Tuesday . The company traded as high as GBX 211 ($2.88) and last traded at GBX 204.69 ($2.79). 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 ($2.62).

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their target price on Kier Group from GBX 210 to GBX 225 and gave the company a "buy" rating in a research report on Monday, September 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Kier Group has a consensus rating of "Buy" and an average price target of GBX 225.

Kier Group Trading Up 6.6%

The company has a market capitalization of £890.26 million, a P/E ratio of 2,154.63, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. The firm has a fifty day moving average price of GBX 198.97 and a 200-day moving average price of GBX 169.36.

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

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.

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