Kier Group (LON:KIE) Sets New 1-Year High – Time to Buy?

Kier Group plc (LON:KIE) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 254.46 and last traded at GBX 249.20, with a volume of 2091474 shares. The stock had previously closed at GBX 246.60.

Analysts Set New Price Targets

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

Kier Group Price Performance

The stock has a market cap of £1.09 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 0.29 and a beta of 0.87. The stock’s fifty day moving average is GBX 219.92 and its 200-day moving average is GBX 217.26. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69.

Insider Buying and Selling at Kier Group

In other news, insider Clive Watson purchased 1,156 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was acquired at an average price of GBX 197 per share, with a total value of £2,277.32. Over the last three months, insiders have purchased 1,373 shares of company stock valued at $272,828. Corporate insiders own 2.16% 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. 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.