Kier Group’s (KIE) “Buy” Rating Reaffirmed at Berenberg Bank

Kier Group (LON:KIE)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 260 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 15.81% from the company’s previous close.

Several other analysts have also weighed in on KIE. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 240 target price on shares of Kier Group in a research note on Thursday, November 13th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 260 target price 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.com, Kier Group has an average rating of “Buy” and a consensus price target of GBX 253.33.

Kier Group Stock Down 0.9%

Shares of LON:KIE traded down GBX 2 during midday trading on Wednesday, reaching GBX 224.50. The company had a trading volume of 1,799,991 shares, compared to its average volume of 2,863,926. The stock has a market capitalization of £969.73 million, a P/E ratio of 18.55, a PEG ratio of 0.29 and a beta of 0.77. The stock’s fifty day moving average price is GBX 229.18 and its 200-day moving average price is GBX 218.31. The company has a debt-to-equity ratio of 316.33, a current ratio of 0.88 and a quick ratio of 0.69. Kier Group has a one year low of GBX 107.20 and a one year high of GBX 253.50.

Kier Group (LON:KIE) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share for the quarter. Kier Group had a net margin of 1.38% and a return on equity of 11.11%. Equities research analysts expect that Kier Group will post 20.4913295 earnings per share for the current fiscal year.

Kier Group announced that its Board of Directors has authorized a share repurchase program on Tuesday, March 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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.