Kier Group (LON:KIE) Hits New 12-Month High – Still a Buy?

Kier Group plc (LON:KIE)’s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 254.46 and last traded at GBX 249.20, with a volume of 2091474 shares changing hands. The stock had previously closed at GBX 246.60.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 260 target price on shares of Kier Group in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 253.33.

Kier Group Trading Up 0.6%

The stock has a market capitalization of £1.09 billion, a PE ratio of 18.94, a P/E/G ratio of 0.29 and a beta of 0.87. The firm has a 50 day moving average price of GBX 218.23 and a 200 day moving average price of GBX 216.91. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22.

Insider Activity

In related news, insider Clive Watson purchased 1,156 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of GBX 197 per share, for a total transaction of £2,277.32. Insiders purchased a total of 1,373 shares of company stock worth $272,828 over the last 90 days. 2.18% of the stock is owned by insiders.

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.