Kier Group (LON:KIE) Stock Gets Price Target Bump from Berenberg Bank

Kier Group (LON:KIE) had its price target raised by investment analysts at Berenberg Bank from GBX 300 to GBX 370 in a report released on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 20.68% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kier Group from GBX 295 to GBX 330 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Kier Group has a consensus rating of “Buy” and a consensus price target of GBX 300.

Kier Group Trading Down 1.3%

Shares of Kier Group stock opened at GBX 306.60 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 360.81. Kier Group has a 12-month low of GBX 186.80 and a 12-month high of GBX 319.40. The company has a market capitalization of £1.33 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 0.29 and a beta of 0.89. The firm’s 50-day moving average price is GBX 264.22 and its two-hundred day moving average price is GBX 228.47.

Kier Group (LON:KIE) last issued its earnings results on Tuesday, September 15th. The company reported GBX 23.50 EPS for the quarter. Kier Group had a net margin of 1.42% and a return on equity of 11.95%. On average, analysts forecast that Kier Group will post 20.4913295 earnings per share for the current fiscal year.

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.