Kier Group (LON:KIE) Reaches New 1-Year High - What's Next?

Key Points

• Kier Group shares reached a new 52-week high, trading as high as GBX 318.80 and last changing hands at GBX 314.60, up from the previous close of GBX 307.40.
• Analysts remain positive, with four Buy ratings and a consensus “Buy” recommendation; Deutsche Bank raised its price target to GBX 330, although the average target is GBX 272.50.
• Kier reported quarterly earnings of GBX 23.50 per share, with an 11.95% return on equity and 1.42% net margin. The company has a £1.33 billion market capitalization but also carries a high debt-to-equity ratio of 360.81.

Shares of Kier Group plc (LON:KIE - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 318.80 and last traded at GBX 314.60, with a volume of 76144117 shares changing hands. The stock had previously closed at GBX 307.40.

Wall Street Analysts Forecast Growth

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

Kier Group Price Performance

The company has a market capitalization of £1.33 billion, a PE ratio of 23.55, a P/E/G ratio of 0.29 and a beta of 0.89. 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 stock has a fifty day simple moving average of GBX 251.17 and a 200-day simple moving average of GBX 223.29.

Kier Group (LON:KIE - Get Free Report) last released its quarterly earnings data on Tuesday, September 15th. The company reported GBX 23.50 EPS for the quarter. Kier Group had a return on equity of 11.95% and a net margin of 1.42%. Equities 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. 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.

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