Kier Group (LON:KIE) Hits New 12-Month High – Here’s Why

Kier Group plc (LON:KIE) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 238 and last traded at GBX 235.50, with a volume of 1321956 shares traded. The stock had previously closed at GBX 232.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 240 price objective on shares of Kier Group in a research note on Thursday, November 13th. Peel Hunt restated a “buy” rating and set a GBX 260 price target on shares of Kier Group in a report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 246.67.

Kier Group Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The firm has a market capitalization of £1.07 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The business’s 50 day simple moving average is GBX 223.77 and its two-hundred day simple moving average is GBX 214.93.

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.