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

Kier Group plc (LON:KIE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 254.46 and last traded at GBX 249.20, with a volume of 2091474 shares. The stock had previously closed at GBX 246.60.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 253.33.

Kier Group Trading Up 0.6%

The business has a 50 day moving average of GBX 218.23 and a two-hundred day moving average of GBX 216.91. The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86. The firm has a market capitalization of £1.09 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 0.29 and a beta of 0.87.

Insider Activity at Kier Group

In other news, insider Clive Watson acquired 1,156 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of GBX 197 per share, for a total transaction of £2,277.32. Insiders purchased a total of 1,373 shares of company stock worth $272,828 in the last ninety days. Insiders own 2.18% of the company’s stock.

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.