Kier Group (LON:KIE) Hits New 52-Week High - Here's What Happened

Key Points

• Kier Group shares reached a new 52-week high of GBX 319.40, up 3.0% from the previous close, with roughly 2.46 million shares traded.
• Analyst sentiment remains positive: four analysts rate the stock a Buy, while Deutsche Bank raised its price target to GBX 330. However, the average target of GBX 272.50 is below the current share price.
• Kier reported quarterly EPS of GBX 23.50, alongside an 11.95% return on equity and a 1.42% net margin; the company’s debt-to-equity ratio remains high at 360.81.

Shares of Kier Group plc (LON:KIE - Get Free Report) reached a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 319.40 and last traded at GBX 319.40, with a volume of 2459157 shares trading hands. The stock had previously closed at GBX 309.

Wall Street Analyst Weigh In

Several research firms recently commented on KIE. Berenberg Bank reissued a "buy" rating and set a GBX 260 price target on shares of Kier Group in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kier Group from GBX 295 to GBX 330 and gave the company a "buy" rating in a research report on Tuesday, September 15th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of GBX 272.50.

Kier Group Trading Up 3.0%

The business's 50-day simple moving average is GBX 258.16 and its two-hundred day simple moving average is GBX 225.85. The company has a current ratio of 0.90, a quick ratio of 0.69 and a debt-to-equity ratio of 360.81. The company has a market capitalization of £1.38 billion, a PE ratio of 24.30, a PEG ratio of 0.29 and a beta of 0.89.

Kier Group (LON:KIE - Get Free Report) last announced its earnings results on Tuesday, September 15th. The company reported GBX 23.50 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 11.95% and a net margin of 1.42%. On average, analysts predict 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. Infrastructure Services comprises our Transportation and Natural Resources, Nuclear and Networks business. Transportation: builds and maintains roads for National Highways and a number of district and county councils as well as our rail, airports' infrastructure and ports' businesses. Natural Resources, Nuclear and Networks: delivers long-term contracts providing repairs, maintains and support capital projects to the water, energy, and telecommunications sectors. Construction — comprises of our Regional Building, Strategic Projects, Kier Places (Housing Maintenance and Facilities Management), and International businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.