Kier Group (LON:KIE) Sets New 12-Month High – Here’s What Happened

Kier Group plc (LON:KIE) hit a new 52-week high on Wednesday . The company traded as high as GBX 255.80 and last traded at GBX 255.40, with a volume of 145969 shares changing hands. The stock had previously closed at GBX 249.80.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 260 target price on shares of Kier Group in a research note on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Kier Group currently has an average rating of “Buy” and an average target price of GBX 253.33.

Kier Group Trading Up 1.7%

The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22. The stock’s fifty day moving average price is GBX 222.67 and its two-hundred day moving average price is GBX 217.91. The company has a market capitalization of £1.11 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 0.29 and a beta of 0.87.

Insider Buying and Selling

In other Kier Group news, insider Clive Watson purchased 1,156 shares of the stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of GBX 197 per share, with a total value of £2,277.32. Over the last three months, insiders purchased 1,373 shares of company stock worth $272,828. Corporate insiders own 2.16% 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.