Kier Group (LON:KIE) Sets New 52-Week High – Time to Buy?

Kier Group plc (LON:KIE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 238 and last traded at GBX 235.50, with a volume of 1321956 shares changing hands. The stock had previously closed at GBX 232.

Analyst Ratings Changes

Several brokerages recently issued reports on KIE. Peel Hunt reiterated a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a report on Tuesday, December 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 240 price target on shares of Kier Group in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 246.67.

Kier Group Stock Performance

The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The firm has a 50 day moving average price of GBX 222.43 and a two-hundred day moving average price of GBX 214.25. The company has a market capitalization of £1.02 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

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.