Kier Group (LON:KIE) Trading Down 6.9%

Kier Group plc (LON:KIE)’s share price fell 6.9% on Thursday . The company traded as low as GBX 134.61 ($1.76) and last traded at GBX 139.80 ($1.83). 7,491,476 shares were traded during trading, an increase of 298% from the average session volume of 1,880,794 shares. The stock had previously closed at GBX 150.20 ($1.96).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 ($2.75) price target on shares of Kier Group in a report on Thursday.

Kier Group Stock Up 0.1 %

The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 94.84. The firm has a market cap of £617.02 million, a P/E ratio of 1,555.56, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The stock’s fifty day moving average is GBX 152.22 and its two-hundred day moving average is GBX 142.37.

Kier Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be issued a GBX 3.48 ($0.05) dividend. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 2.32%. This is a boost from Kier Group’s previous dividend of $1.67. Kier Group’s dividend payout ratio is presently 3,333.33%.

Insider Buying and Selling

In other Kier Group news, insider Matthew Lester purchased 7,340 shares of the stock in a transaction on Friday, June 28th. The shares were purchased at an average price of GBX 136 ($1.78) per share, with a total value of £9,982.40 ($13,054.01). 5.81% of the stock is currently owned by company insiders.

Kier Group Company Profile

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.