Kier Group (LON:KIE) Reaches New 12-Month High – Still a Buy?

Kier Group plc (LON:KIE) hit a new 52-week high during trading on Monday . The company traded as high as GBX 164.40 ($2.19) and last traded at GBX 164.10 ($2.18), with a volume of 533185 shares. The stock had previously closed at GBX 160.16 ($2.13).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 210 ($2.79) price target on shares of Kier Group in a report on Thursday, January 23rd.

Kier Group Stock Up 2.6%

The firm has a fifty day moving average price of GBX 134.27 and a 200 day moving average price of GBX 142.26. The company has a market cap of £707.68 million, a P/E ratio of 16.55, a PEG ratio of 0.29 and a beta of 1.14. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83.

Kier Group (LON:KIE) last issued its earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.12) earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. Equities research analysts forecast that Kier Group plc will post 20.4913295 earnings per share for the current year.

Kier Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, April 24th will be given a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, April 24th. Kier Group’s dividend payout ratio (DPR) is 50.34%.

Insider Buying and Selling

In other news, insider Matthew Lester acquired 16,310 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of GBX 123 ($1.64) per share, with a total value of £20,061.30 ($26,677.26). 6.07% of the stock is owned by insiders.

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.