Kier Group (LON:KIE) Reaches New 12-Month Low – Time to Sell?

Shares of Kier Group plc (LON:KIEGet Free Report) reached a new 52-week low on Friday . The company traded as low as GBX 116.30 ($1.50) and last traded at GBX 116.79 ($1.51), with a volume of 3110598 shares changing hands. The stock had previously closed at GBX 122.80 ($1.58).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 ($2.71) price objective on shares of Kier Group in a research report on Thursday, January 23rd.

Get Our Latest Report on KIE

Kier Group Price Performance

The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The company has a market cap of £502.78 million, a P/E ratio of 11.76, a P/E/G ratio of 0.29 and a beta of 1.14. The firm has a 50 day moving average price of GBX 139.85 and a two-hundred day moving average price of GBX 142.68.

Kier Group (LON:KIEGet Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. On average, analysts predict that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Kier Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, April 24th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 1.66%. Kier Group’s dividend payout ratio (DPR) is presently 50.34%.

Insider Transactions at Kier Group

In other Kier Group news, insider Matthew Lester purchased 16,310 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of GBX 123 ($1.59) per share, with a total value of £20,061.30 ($25,868.86). Insiders own 6.07% of the company’s stock.

Kier Group Company Profile

(Get Free Report)

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.

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