Kier Group (LON:KIE) Stock Price Down 11.9% – What’s Next?

Kier Group plc (LON:KIE)’s stock price dropped 11.9% during mid-day trading on Tuesday . The company traded as low as GBX 121.20 ($1.57) and last traded at GBX 123.36 ($1.60). Approximately 6,696,175 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 3,509,303 shares. The stock had previously closed at GBX 140 ($1.82).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 210 ($2.72) target price on shares of Kier Group in a research report on Thursday, January 23rd.

Kier Group Trading Up 0.7 %

The firm’s 50-day moving average price is GBX 145.39 and its 200 day moving average price is GBX 145.72. The company has a market cap of £532.05 million, a price-to-earnings ratio of 12.44, a P/E/G ratio of 0.29 and a beta of 1.14. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83.

Kier Group (LON:KIE) last issued its earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) earnings per share (EPS) for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. As a group, equities analysts expect that Kier Group plc will post 20.4913295 EPS for the current year.

Insider Activity

In related news, insider Matthew Lester purchased 16,310 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of GBX 123 ($1.60) per share, for a total transaction of £20,061.30 ($26,016.47). 6.07% of the stock is currently owned by company 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.