Kier Group (LON:KIE) Insider Purchases £149.76 in Stock

Kier Group plc (LON:KIE) insider Tom Hinton purchased 72 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average cost of GBX 208 per share, with a total value of £149.76.

Tom Hinton also recently made the following trade(s):

• On Monday, May 18th, Tom Hinton purchased 77 shares of Kier Group stock. The shares were purchased at an average price of GBX 196 per share, for a total transaction of £150.92.
• On Friday, April 17th, Tom Hinton acquired 70 shares of Kier Group stock. The stock was purchased at an average cost of GBX 213 per share, for a total transaction of £149.10.

Kier Group Price Performance

KIE traded up GBX 3 during trading on Friday, hitting GBX 210.60. 1,533,990 shares of the stock traded hands, compared to its average volume of 4,373,833. The business has a 50 day moving average price of GBX 205.90 and a 200 day moving average price of GBX 215.79. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69. Kier Group plc has a twelve month low of GBX 178.60 and a twelve month high of GBX 253.50. The company has a market cap of £917.73 million, a price-to-earnings ratio of 16.08, a PEG ratio of 0.29 and a beta of 0.85.

Kier Group announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 3rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a research report on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 253.33.

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.