Kier Group’s (KIE) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Kier Group (LON:KIE) in a report issued on Wednesday morning,Digital Look reports. They currently have a GBX 260 price objective on the stock.

Kier Group Stock Down 0.7%

Kier Group stock opened at GBX 239.40 on Wednesday. The firm has a market capitalization of £1.05 billion, a P/E ratio of 18.27, a P/E/G ratio of 0.29 and a beta of 0.87. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 230.22. Kier Group has a twelve month low of GBX 178.60 and a twelve month high of GBX 253.50. The stock’s fifty day simple moving average is GBX 212.55 and its 200-day simple moving average is GBX 216.

Insiders Place Their Bets

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

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.