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

Kier Group plc (LON:KIE) shares hit 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 traded. The stock had previously closed at GBX 309.

Analysts Set New Price Targets

KIE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kier Group from GBX 295 to GBX 330 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Berenberg Bank reissued a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kier Group currently has a consensus rating of “Buy” and an average price target of GBX 272.50.

Kier Group Stock Performance

The stock has a market cap of £1.34 billion, a PE ratio of 23.68, a P/E/G ratio of 0.29 and a beta of 0.89. The firm has a 50-day simple moving average of GBX 261.48 and a 200-day simple moving average of GBX 227.17. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 360.81.

Kier Group (LON:KIE) last announced its quarterly earnings results on Tuesday, September 15th. The company reported GBX 23.50 earnings per share for the quarter. Kier Group had a return on equity of 11.95% and a net margin of 1.42%. Equities analysts forecast 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.