Kier Group (LON:KIE) Reaches New 12-Month High – Here’s Why

Kier Group plc (LON:KIE) shares hit a new 52-week high on Wednesday. The company traded as high as GBX 328 and last traded at GBX 325.40, with a volume of 321,661 shares traded. The stock had previously closed at GBX 321.40.

Analyst Ratings Changes

KIE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted 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. Berenberg Bank boosted their price target on Kier Group from GBX 300 to GBX 370 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Kier Group currently has an average rating of “Buy” and an average price target of GBX 300.

Kier Group Trading Up 0.6%

The business’s 50-day simple moving average is GBX 295.13 and its two-hundred day simple moving average is GBX 240. 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 £1.37 billion, a PE ratio of 23.96, a PEG ratio of 0.29 and a beta of 0.89.

Kier Group (LON:KIE) last released its earnings results 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%. On average, analysts predict that Kier Group plc will post 20.49 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.