Key Points
- Insider buying: Kier Group insider Tom Hinton bought 77 shares on May 18 for a total of £150.92, following a previous purchase of 70 shares in April.
- Stock metrics: The shares opened at GBX 196.20, near the lower end of their 52-week range of GBX 160.60 to GBX 253.50, with a market value of £856.84 million.
- Analyst outlook: Berenberg reiterated a buy rating with a GBX 260 target price, and the broader analyst consensus remains a buy with an average target of GBX 253.33.
Kier Group plc (LON:KIE - Get Free Report) insider Tom Hinton acquired 77 shares of the business's stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of GBX 196 per share, with a total value of £150.92.
Tom Hinton also recently made the following trade(s):
- On Friday, April 17th, Tom Hinton acquired 70 shares of Kier Group stock. The stock was acquired at an average cost of GBX 213 per share, with a total value of £149.10.
Kier Group Price Performance
Shares of Kier Group stock opened at GBX 196.20 on Wednesday. Kier Group plc has a 52-week low of GBX 160.60 and a 52-week high of GBX 253.50. The stock has a market capitalization of £856.84 million, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.29 and a beta of 0.91. The company has a fifty day moving average of GBX 206.33 and a 200-day moving average of GBX 217.19. The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86.
Kier Group (LON:KIE - Get Free Report) last issued its earnings results on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share for the quarter. Kier Group had a return on equity of 11.69% and a net margin of 1.47%. Equities research analysts expect that Kier Group plc will post 20.4913295 EPS for the current year.
Kier Group announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 3rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
Separately, Berenberg Bank restated a "buy" rating and set a GBX 260 target price on shares of Kier Group in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kier Group presently has a consensus rating of "Buy" and a consensus price target of GBX 253.33.
View Our Latest Stock Report on Kier Group
Kier Group Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
