Kier Group (LON:KIE) Reaches New 52-Week High – Here’s What Happened

Shares of Kier Group plc (LON:KIE) reached a new 52-week high during trading on Friday . The company traded as high as GBX 163.61 ($2.18) and last traded at GBX 162.40 ($2.16), with a volume of 235772 shares traded. The stock had previously closed at GBX 162 ($2.16).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 210 ($2.79) target price on shares of Kier Group in a research report on Thursday, January 23rd.

Kier Group Stock Performance

The stock has a market capitalization of £684.43 million, a price-to-earnings ratio of 16.01, 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. The firm has a 50-day moving average of GBX 132.34 and a 200-day moving average of GBX 141.83.

Kier Group (LON:KIE) last announced its quarterly earnings data on Tuesday, March 11th. The company reported GBX 8.70 ($0.12) earnings per share for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. As a group, sell-side analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current year.

Kier Group Cuts Dividend

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

Insider Activity

In other Kier Group news, insider Matthew Lester bought 16,310 shares of Kier Group stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of GBX 123 ($1.64) per share, with a total value of £20,061.30 ($26,687.91). Insiders own 6.07% of the company’s stock.

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.