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

Kier Group plc (LON:KIE)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 263.60 and last traded at GBX 257.24, with a volume of 1027299 shares traded. The stock had previously closed at GBX 261.80.

Analyst Upgrades and Downgrades

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

Kier Group Trading Down 0.3%

The company’s 50 day moving average price is GBX 229.30 and its 200 day moving average price is GBX 219.32. 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 firm has a market cap of £1.11 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88.

Insider Transactions at Kier Group

In other Kier Group news, insider Clive Watson bought 1,156 shares of Kier Group stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of GBX 197 per share, for a total transaction of £2,277.32. In the last quarter, insiders have purchased 1,354 shares of company stock worth $272,758. 2.16% of the stock is owned by corporate insiders.

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.