Insider Buying: Kier Group (LON:KIE) Insider Acquires £149.76 in Stock

Kier Group plc (LON:KIE) insider Tom Hinton bought 72 shares of the stock in a transaction dated Thursday, June 18th. The shares were purchased at an average price of GBX 208 per share, for a total transaction of £149.76.

Tom Hinton also recently made the following trade(s):

• On Monday, May 18th, Tom Hinton bought 77 shares of Kier Group stock. The stock was acquired at an average cost of GBX 196 per share, with a total value of £150.92.
• On Friday, April 17th, Tom Hinton purchased 70 shares of Kier Group stock. The stock was acquired at an average price of GBX 213 per share, for a total transaction of £149.10.

Kier Group Stock Performance

LON:KIE traded up GBX 3 during mid-day trading on Friday, reaching GBX 210.60. 1,533,990 shares of the company’s stock were exchanged, compared to its average volume of 4,373,833. Kier Group plc has a one year low of GBX 178.60 and a one year high of GBX 253.50. The firm has a market capitalization of £917.73 million, a PE ratio of 16.08, a price-to-earnings-growth ratio of 0.29 and a beta of 0.85. The business’s fifty day simple moving average is GBX 205.90 and its two-hundred day simple moving average is GBX 215.79. The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86.

Kier Group declared that its Board of Directors has initiated a share buyback program on Tuesday, March 3rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a research report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 253.33.

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.