Kier Group (LON:KIE) Earns “Buy” Rating from Berenberg Bank

Kier Group (LON:KIE)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued on Wednesday,Digital Look reports. They currently have a GBX 260 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 9.24% from the company’s current price.

Kier Group Trading Up 2.0%

Kier Group stock opened at GBX 238 on Wednesday. Kier Group has a 52 week low of GBX 178.60 and a 52 week high of GBX 253.50. The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86. The firm has a market capitalization of £1.04 billion, a PE ratio of 18.17, a PEG ratio of 0.29 and a beta of 0.87. The business’s 50-day simple moving average is GBX 210.29 and its 200-day simple moving average is GBX 215.54.

Insider Buying and Selling

In other Kier Group news, insider Clive Watson purchased 1,156 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of GBX 197 per share, with a total value of £2,277.32. Over the last quarter, insiders purchased 1,373 shares of company stock valued at $272,828. Insiders own 2.18% of the company’s stock.

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.