Insider Buying: Kier Group (LON:KIE) Insider Acquires £148.32 in Stock

Kier Group plc (LON:KIE) insider Tom Hinton acquired 48 shares of the company’s stock in a transaction on Friday, September 18th. The shares were acquired at an average cost of GBX 309 per share, for a total transaction of £148.32.

Tom Hinton also recently made the following trade(s):

• On Tuesday, August 18th, Tom Hinton bought 58 shares of Kier Group stock. The shares were acquired at an average price of GBX 259 per share, with a total value of £150.22.
• On Friday, July 17th, Tom Hinton bought 68 shares of Kier Group stock. The stock was acquired at an average price of GBX 221 per share, with a total value of £150.28.

Kier Group Stock Performance

LON KIE opened at GBX 305.20 on Friday. The company’s 50 day moving average is GBX 256.42 and its 200-day moving average is GBX 225.15. Kier Group plc has a 12-month low of GBX 186.80 and a 12-month high of GBX 318.80. The company has a quick ratio of 0.69, a current ratio of 0.90 and a debt-to-equity ratio of 360.81. The firm has a market cap of £1.32 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 0.29 and a beta of 0.89.

Kier Group (LON:KIE) last released its quarterly earnings data on Tuesday, September 15th. The company reported GBX 23.50 EPS for the quarter. Kier Group had a net margin of 1.42% and a return on equity of 11.95%. Sell-side analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KIE. Deutsche Bank Aktiengesellschaft raised their price target on Kier Group from GBX 295 to GBX 330 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a research note on Wednesday, July 22nd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 272.50.

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.