Insider Buying: Kier Group (LON:KIE) Insider Buys £150.22 in Stock

Kier Group plc (LON:KIE) insider Tom Hinton bought 58 shares of Kier Group stock in a transaction on Tuesday, August 18th. The shares were purchased at an average cost of GBX 259 per share, for a total transaction of £150.22.

Tom Hinton also recently made the following trade(s):

• On Friday, July 17th, Tom Hinton bought 68 shares of Kier Group stock. The stock was purchased at an average price of GBX 221 per share, with a total value of £150.28.
• On Thursday, June 18th, Tom Hinton purchased 72 shares of Kier Group stock. The stock was purchased at an average price of GBX 208 per share, with a total value of £149.76.

Kier Group Stock Performance

KIE stock opened at GBX 254 on Friday. The stock’s 50 day simple moving average is GBX 231.36 and its 200 day simple moving average is GBX 219.77. Kier Group plc has a 12-month low of GBX 178.60 and a 12-month high of GBX 263.60. The firm has a market cap of £1.11 billion, a P/E ratio of 19.39, a P/E/G ratio of 0.29 and a beta of 0.88. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 230.22.

Wall Street Analysts Forecast Growth

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

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.