Kier Group (LON:KIE) Sets New 12-Month High – Should You Buy?

Kier Group plc (LON:KIE) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 294.50 and last traded at GBX 249.50, with a volume of 1412872 shares changing hands. The stock had previously closed at GBX 246.50.

Analysts Set New Price Targets

KIE has been the subject of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and set a GBX 240 target price on shares of Kier Group in a report on Thursday, November 13th. Peel Hunt reaffirmed a “buy” rating and set a GBX 260 price target on shares of Kier Group in a research report on Tuesday, December 2nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 246.67.

Kier Group Trading Up 1.2%

The company has a market capitalization of £1.08 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The firm has a fifty day moving average price of GBX 225.44 and a 200-day moving average price of GBX 216.05.

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.