Kier Group (LON:KIE) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Kier Group (LON:KIE) in a research note published on Thursday, MarketBeat Ratings reports. They currently have a GBX 240 price target on the stock.

A number of other equities research analysts have also issued reports on the company. Berenberg Bank increased their target price on Kier Group from GBX 225 to GBX 240 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Peel Hunt restated a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 246.67.

Kier Group Trading Up 0.7%

Shares of KIE stock traded up GBX 1.50 during mid-day trading on Thursday, reaching GBX 211.50. The company’s stock had a trading volume of 19,263,311 shares, compared to its average volume of 2,500,395. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83. The firm has a market capitalization of £920.31 million, a PE ratio of 17.48, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company’s 50 day simple moving average is GBX 215.02 and its 200-day simple moving average is GBX 196.02. Kier Group has a 12-month low of GBX 107.20 and a 12-month high of GBX 250.

Kier Group (LON:KIE) last announced its quarterly earnings results on Tuesday, September 16th. The company reported GBX 21.60 earnings per share for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. On average, research analysts predict that Kier Group will post 20.4913295 EPS for the current fiscal year.

Insider Activity at Kier Group

In related news, insider Simon Kesterton sold 350,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total value of £714,000. Company insiders own 2.12% of the company’s stock.

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.