Kier Group (LON:KIE) Releases Quarterly Earnings Results

Kier Group (LON:KIE) posted its quarterly earnings results on Tuesday. The company reported GBX 8.70 ($0.11) earnings per share for the quarter, Digital Look Earnings reports. Kier Group had a net margin of 1.09% and a return on equity of 8.23%.

Kier Group Price Performance

Kier Group stock traded down GBX 0.60 ($0.01) during mid-day trading on Thursday, hitting GBX 122.20 ($1.58). 11,075,102 shares of the company were exchanged, compared to its average volume of 3,779,139. Kier Group has a 1-year low of GBX 118.80 ($1.54) and a 1-year high of GBX 163.27 ($2.12). The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83. The business has a fifty day moving average of GBX 145.39 and a 200 day moving average of GBX 145.72. The company has a market capitalization of £526.02 million, a PE ratio of 12.30, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

Insider Transactions at Kier Group

In other news, insider Matthew Lester acquired 16,310 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of GBX 123 ($1.60) per share, with a total value of £20,061.30 ($26,016.47). 6.07% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 210 ($2.72) target price on shares of Kier Group in a research note on Thursday, January 23rd.

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.