Kier Group (LON:KIE) Reaches New 52-Week High – Here’s What Happened

Shares of Kier Group plc (LON:KIE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 276.60 and last traded at GBX 276.26, with a volume of 2135683 shares trading hands. The stock had previously closed at GBX 257.60.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 253.33.

Kier Group Trading Up 7.0%

The firm has a market capitalization of £1.19 billion, a P/E ratio of 21.03, 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 0.86 and a debt-to-equity ratio of 230.22. The firm has a 50 day moving average of GBX 244.44 and a 200-day moving average of GBX 221.39.

Kier Group (LON:KIE) last posted its quarterly earnings data on Tuesday, September 15th. The company reported GBX 23.50 EPS for the quarter. Kier Group had a return on equity of 11.69% and a net margin of 1.47%. On average, equities research analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current fiscal 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.