Kier Group (LON:KIE) Given New GBX 370 Price Target at Berenberg Bank

Kier Group (LON:KIE) had its price objective raised by Berenberg Bank from GBX 300 to GBX 370 in a research report sent to investors on Wednesday, MarketBeat reports. They currently have a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft increased their target price on Kier Group from GBX 295 to GBX 330 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 300.

Kier Group Stock Up 0.1%

Shares of KIE opened at GBX 310.60 on Wednesday. The firm has a market cap of £1.34 billion, a P/E ratio of 23.71, 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 quick ratio of 0.69 and a current ratio of 0.90. Kier Group has a 52 week low of GBX 186.80 and a 52 week high of GBX 319.40. The firm’s 50-day simple moving average is GBX 262.89 and its 200 day simple moving average is GBX 227.83.

Kier Group (LON:KIE) last issued its quarterly earnings data on Tuesday, September 15th. The company reported GBX 23.50 earnings per share (EPS) for the quarter. Kier Group had a net margin of 1.42% and a return on equity of 11.95%. On average, analysts forecast that Kier Group will post 20.4913295 earnings per share for the current year.

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.