Kier Group (LON:KIE) Trading Up 6.6% - Should You Buy?

Key Points

• Kier Group shares experienced a significant increase of 6.6%, trading at a high of GBX 211 ($2.88) on Tuesday, with a notable trading volume spike.
• Berenberg Bank has raised its target price for Kier Group to GBX 225 and issued a "buy" rating, contributing to the stock's current average rating of "Buy."
• Kier Group's recent quarterly earnings showed an EPS of GBX 21.60, with projections of approximately 20.49 earnings per share for the current year.

Kier Group plc (LON:KIE - Get Free Report) shares were up 6.6% 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 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).

Wall Street Analyst Weigh In

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

Kier Group Stock Up 6.6%

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 company has a market cap of £890.26 million, a P/E ratio of 2,154.63, a PEG ratio of 0.29 and a beta of 1.14. The stock has a 50-day moving average of GBX 198.97 and a 200 day moving average of GBX 169.36.

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%. Research analysts anticipate that Kier Group plc will post 20.4913295 earnings per share for the current year.

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.

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