Kier Group (LON:KIE) Reaches New 1-Year High – Here’s Why

Kier Group plc (LON:KIE) shares reached a new 52-week high on Tuesday. The stock traded as high as GBX 321.16 and last traded at GBX 320.20, with a volume of 707,392 shares traded. The stock had previously closed at GBX 313.60.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kier Group from GBX 295 to GBX 330 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Berenberg Bank lifted their price objective on shares of Kier Group from GBX 300 to GBX 370 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Four research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 300.

Kier Group Stock Performance

The stock has a market capitalization of £1.38 billion, a P/E ratio of 23.72, a PEG ratio of 0.29 and a beta of 0.89. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 360.81. The company has a 50-day moving average price of GBX 282.41 and a two-hundred day moving average price of GBX 234.88.

Kier Group (LON:KIE) last released its quarterly earnings data 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%. Equities analysts expect that Kier Group plc will post 20.49 earnings per share for the current 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.