Kier Group (LON:KIE) Reaches New 52-Week High After Analyst Upgrade

Kier Group plc (LON:KIE) reached a new 52-week high during trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from GBX 295 to GBX 330. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Kier Group traded as high as GBX 276.60 and last traded at GBX 276.26, with a volume of 2135683 shares trading hands. The stock had previously closed at GBX 257.60.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a research report on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 272.50.

Kier Group Stock Performance

The company has a debt-to-equity ratio of 360.81, a current ratio of 0.90 and a quick ratio of 0.69. The company has a market capitalization of £1.32 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 0.29 and a beta of 0.89. The stock has a 50 day simple moving average of GBX 247.43 and a two-hundred day simple moving average of GBX 222.16.

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