Kier Group (LON:KIE) Reaches New 1-Year High – Should You Buy?

Kier Group plc (LON:KIE) hit a new 52-week high on Thursday. The stock traded as high as GBX 322.60 and last traded at GBX 307.20, with a volume of 1,103,022 shares trading hands. The stock had previously closed at GBX 310.

Wall Street Analysts Forecast Growth

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

Kier Group Stock Down 0.9%

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 stock has a 50-day simple moving average of GBX 290.68 and a two-hundred day simple moving average of GBX 238.09. The firm has a market cap of £1.33 billion, a PE ratio of 22.76, a P/E/G ratio of 0.29 and a beta of 0.89.

Kier Group (LON:KIE) last posted its quarterly earnings data on Tuesday, September 15th. The company reported GBX 23.50 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 11.95% and a net margin of 1.42%. 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.