Kier Group’s (KIE) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Kier Group (LON:KIE) in a report published on Wednesday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 260 target price on the stock.

Several other research firms have also recently issued reports on KIE. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 240 target price on shares of Kier Group in a research report on Thursday, November 13th. Peel Hunt reaffirmed a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a report on Tuesday, December 2nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kier Group presently has a consensus rating of “Buy” and an average price target of GBX 253.33.

Kier Group Stock Performance

Shares of KIE opened at GBX 221.82 on Wednesday. The stock has a market capitalization of £958.17 million, a P/E ratio of 18.33, a P/E/G ratio of 0.29 and a beta of 0.77. The company has a debt-to-equity ratio of 316.33, a quick ratio of 0.69 and a current ratio of 0.88. Kier Group has a 1 year low of GBX 107.20 and a 1 year high of GBX 253.50. The company’s fifty day moving average is GBX 229.17 and its two-hundred day moving average is GBX 218.34.

Kier Group (LON:KIE) last issued its earnings results on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share for the quarter. Kier Group had a net margin of 1.38% and a return on equity of 11.11%. On average, sell-side analysts predict that Kier Group will post 20.4913295 earnings per share for the current year.

Kier Group announced that its board has authorized a share repurchase program on Tuesday, March 3rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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.