Insider Buying: Kier Group (LON:KIE) Insider Buys £149.10 in Stock

Kier Group plc (LON:KIE) insider Tom Hinton bought 70 shares of the firm’s stock in a transaction on Friday, April 17th. The shares were purchased at an average price of GBX 213 per share, for a total transaction of £149.10.

Kier Group Trading Up 0.1%

Shares of KIE opened at GBX 214 on Thursday. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69. Kier Group plc has a 1 year low of GBX 132 and a 1 year high of GBX 253.50. The company has a 50 day simple moving average of GBX 217.71 and a two-hundred day simple moving average of GBX 219.77. The firm has a market cap of £936.51 million, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 0.29 and a beta of 0.90.

Kier Group (LON:KIE) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share (EPS) for the quarter. Kier Group had a net margin of 1.47% and a return on equity of 11.69%. On average, equities analysts expect that Kier Group plc will post 20.4913295 earnings per share for the current fiscal year.

Kier Group announced that its Board of Directors has initiated a share repurchase plan on Tuesday, March 3rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 260 price objective on shares of Kier Group in a report on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 253.33.

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. 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.