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

Berenberg Bank reissued their buy rating on shares of Kier Group (LON:KIE) in a research note released on Wednesday morning, Marketbeat reports. They currently have a GBX 260 target price on the stock.

Kier Group Trading Up 0.9%

Shares of Kier Group stock opened at GBX 215.96 on Wednesday. The firm has a market capitalization of £945.07 million, a PE ratio of 16.49, a price-to-earnings-growth ratio of 0.29 and a beta of 0.90. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69. The company’s fifty day moving average price is GBX 219.17 and its two-hundred day moving average price is GBX 220.06. Kier Group has a 52-week low of GBX 129.20 and a 52-week high of GBX 253.50.

Kier Group (LON:KIE) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share (EPS) for the quarter. Kier Group had a net margin of 1.47% and a return on equity of 11.69%. On average, analysts expect that Kier Group will post 20.4913295 EPS for the current year.

Kier Group announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 3rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Kier Group Company Profile

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.