Peel Hunt Reiterates Buy Rating for Kier Group (LON:KIE)

Kier Group (LON:KIE)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research note issued on Thursday,Digital Look reports. They presently have a GBX 260 price target on the stock. Peel Hunt’s price target would indicate a potential upside of 22.64% from the stock’s previous close.

Separately, Berenberg Bank increased their price target on Kier Group from GBX 225 to GBX 240 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 250.

Kier Group Stock Down 0.7%

Shares of LON:KIE opened at GBX 212 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The firm has a market cap of £922.49 million, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. Kier Group has a 12-month low of GBX 107.20 and a 12-month high of GBX 250. The company has a fifty day simple moving average of GBX 214.51 and a 200 day simple moving average of GBX 195.92.

Kier Group (LON:KIE) last posted 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 net margin of 1.09% and a return on equity of 8.23%. On average, equities research analysts anticipate that Kier Group will post 20.4913295 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Simon Kesterton sold 350,000 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total transaction of £714,000. 2.12% of the stock is currently owned by 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.