Berenberg Bank Reaffirms Buy Rating for Kier Group (LON:KIE)

Kier Group (LON:KIE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 260 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 8.24% from the company’s previous close.

Kier Group Price Performance

Shares of LON KIE opened at GBX 240.20 on Wednesday. The stock has a market cap of £1.05 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.29 and a beta of 0.87. The firm’s 50-day simple moving average is GBX 211.72 and its 200 day simple moving average is GBX 215.84. Kier Group has a fifty-two week low of GBX 178.60 and a fifty-two week high of GBX 253.50. The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86.

Insider Activity at Kier Group

In related news, insider Clive Watson purchased 1,156 shares of the stock in a transaction dated Thursday, June 11th. The stock was purchased at an average price of GBX 197 per share, with a total value of £2,277.32. Insiders purchased a total of 1,373 shares of company stock worth $272,828 in the last ninety days. 2.18% of the stock is owned by corporate insiders.

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.