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

Kier Group plc (LON:KIE)’s share price hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 321.16 and last traded at GBX 320.20, with a volume of 707,392 shares traded. The stock had previously closed at GBX 313.60.

Wall Street Analyst Weigh In

KIE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on 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 lifted their target price on Kier Group from GBX 300 to GBX 370 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Four analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Kier Group presently has a consensus rating of “Buy” and an average target price of GBX 300.

Kier Group Trading Up 2.1%

The firm has a fifty day simple moving average of GBX 282.41 and a two-hundred day simple moving average of GBX 234.88. The firm has a market capitalization of £1.38 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 0.29 and a beta of 0.89. The company has a debt-to-equity ratio of 360.81, a current ratio of 0.90 and a quick ratio of 0.69.

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

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. 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.