Kier Group (LON:KIE) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Kier Group (LON:KIE - Free Report) in a research note released on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 210 ($2.64) price objective on the stock.

Kier Group Trading Up 2.4 %

KIE stock traded up GBX 3.40 ($0.04) during midday trading on Wednesday, hitting GBX 147.20 ($1.85). The company had a trading volume of 1,683,151 shares, compared to its average volume of 1,705,582. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 94.84. Kier Group has a 52 week low of GBX 72.20 ($0.91) and a 52 week high of GBX 151.60 ($1.90). The stock has a market cap of £664.73 million, a price-to-earnings ratio of 1,635.56, a PEG ratio of 0.29 and a beta of 0.80. The stock's 50 day moving average price is GBX 133.96 and its 200 day moving average price is GBX 121.77.

Kier Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be issued a dividend of GBX 1.67 ($0.02) per share. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 1.23%. Kier Group's dividend payout ratio is currently 3,333.33%.

About Kier Group

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.