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

Kier Group plc (LON:KIE)’s share price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 322.60 and last traded at GBX 307.20, with a volume of 1,103,022 shares changing hands. The stock had previously closed at GBX 310.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KIE. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kier Group from GBX 295 to GBX 330 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Berenberg Bank upped their target price on shares of Kier Group from GBX 300 to GBX 370 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 300.

Kier Group Trading Up 0.1%

The company’s 50-day moving average is GBX 292.75 and its 200-day moving average is GBX 238.98. The company has a debt-to-equity ratio of 360.81, a quick ratio of 0.69 and a current ratio of 0.90. The firm has a market cap of £1.33 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 0.29 and a beta of 0.89.

Kier Group (LON:KIE) last released its quarterly earnings results on Tuesday, September 15th. The company reported GBX 23.50 EPS for the quarter. Kier Group had a net margin of 1.42% and a return on equity of 11.95%. On average, research analysts predict that Kier Group plc will post 20.49 earnings per share for the current 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.