Kier Group (LON:KIE) Stock Price Down 14.9% – What’s Next?

Kier Group plc (LON:KIE) shares dropped 14.9% during trading on Tuesday . The stock traded as low as GBX 119.20 ($1.53) and last traded at GBX 119.20 ($1.53). Approximately 7,705,329 shares changed hands during trading, an increase of 118% from the average daily volume of 3,529,898 shares. The stock had previously closed at GBX 140 ($1.80).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 210 ($2.70) price target on shares of Kier Group in a research note on Thursday, January 23rd.

Kier Group Stock Down 11.7 %

The company’s 50 day simple moving average is GBX 146.40 and its 200-day simple moving average is GBX 146.16. The firm has a market cap of £532.05 million, a P/E ratio of 12.44, a PEG 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.

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

Insider Buying and Selling

In other Kier Group news, insider Matthew Lester purchased 16,310 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of GBX 123 ($1.58) per share, for a total transaction of £20,061.30 ($25,828.89). 6.07% of the stock is currently owned by corporate insiders.

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.