Insider Buying: Kier Group (LON:KIE) Insider Acquires 1,156 Shares of Stock

Kier Group plc (LON:KIE) insider Clive Watson acquired 1,156 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of GBX 197 per share, for a total transaction of £2,277.32.

Kier Group Trading Down 1.2%

Shares of KIE stock traded down GBX 2.40 during trading hours on Monday, hitting GBX 203.20. The company had a trading volume of 1,204,907 shares, compared to its average volume of 4,483,007. The company’s fifty day moving average is GBX 204.93 and its 200 day moving average is GBX 216.15. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69. Kier Group plc has a fifty-two week low of GBX 175.48 and a fifty-two week high of GBX 253.50. The stock has a market capitalization of £885.48 million, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.29 and a beta of 0.85.

Kier Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 3rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 260 target price on shares of Kier Group in a research note on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 253.33.

Kier Group Company Profile

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.