Kier Group (LON:KIE) Stock Price Down 14.9% – Here’s Why

Kier Group plc (LON:KIE)’s share price was down 14.9% during trading on Tuesday . The company traded as low as GBX 119.20 ($1.55) and last traded at GBX 119.20 ($1.55). Approximately 7,705,329 shares were traded during trading, an increase of 118% from the average daily volume of 3,529,898 shares. The stock had previously closed at GBX 140 ($1.82).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 210 ($2.72) target price on shares of Kier Group in a research report on Thursday, January 23rd.

Kier Group Price Performance

The company has a market capitalization of £526.02 million, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. The firm’s 50-day moving average is GBX 145.39 and its 200-day moving average is GBX 145.72.

Kier Group (LON:KIE) last issued its quarterly earnings data on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) earnings per share (EPS) for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. Analysts predict that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Insider Transactions at Kier Group

In other news, insider Matthew Lester acquired 16,310 shares of Kier Group stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of GBX 123 ($1.60) per share, with a total value of £20,061.30 ($26,016.47). Corporate insiders own 6.07% of the company’s stock.

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.