Kier Group (LON:KIE) to Repurchase 0 Outstanding Stock

Kier Group (LON:KIE) declared that its Board of Directors has approved a share buyback program on Tuesday, March 3rd, RTT News reports. The company plans to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Kier Group Stock Performance

LON KIE opened at GBX 223 on Thursday. The company has a 50-day simple moving average of GBX 229.17 and a two-hundred day simple moving average of GBX 218.34. Kier Group has a 12-month low of GBX 107.20 and a 12-month high of GBX 253.50. The firm has a market cap of £963.25 million, a price-to-earnings ratio of 18.43, a PEG ratio of 0.29 and a beta of 0.77. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 316.33.

Kier Group (LON:KIE) last released its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 9.50 EPS for the quarter. Kier Group had a return on equity of 11.11% and a net margin of 1.38%. On average, equities analysts forecast that Kier Group will post 20.4913295 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Peel Hunt restated a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a research report on Tuesday, December 2nd. Canaccord Genuity Group restated a “buy” rating and set a GBX 240 price target on shares of Kier Group in a research report on Thursday, November 13th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 260 price target on shares of Kier Group in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Kier Group has a consensus rating of “Buy” and a consensus price target of GBX 253.33.

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.