Canaccord Genuity Group Reaffirms Buy Rating for Kier Group (LON:KIE)

Kier Group (LON:KIE)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,London Stock Exchange reports. They currently have a GBX 240 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 13.48% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Berenberg Bank increased their target price on shares of Kier Group from GBX 225 to GBX 240 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Peel Hunt reissued a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 246.67.

Kier Group Trading Up 0.7%

Shares of Kier Group stock traded up GBX 1.50 on Thursday, hitting GBX 211.50. 19,263,311 shares of the company’s stock traded hands, compared to its average volume of 2,500,395. The company has a fifty day moving average of GBX 215.02 and a two-hundred day moving average of GBX 196.02. Kier Group has a one year low of GBX 107.20 and a one year high of GBX 250. The company has a market capitalization of £920.31 million, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69.

Kier Group (LON:KIE) last issued its quarterly earnings results on Tuesday, September 16th. The company reported GBX 21.60 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. As a group, sell-side analysts expect that Kier Group will post 20.4913295 earnings per share for the current year.

Insider Activity

In other news, insider Simon Kesterton sold 350,000 shares of Kier Group stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of GBX 204, for a total transaction of £714,000. 2.12% 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.