Kier Group plc (LON:KIE – Get Free Report) insider Tom Hinton acquired 77 shares of the stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of GBX 196 per share, for a total transaction of £150.92.
Tom Hinton also recently made the following trade(s):
- On Friday, April 17th, Tom Hinton acquired 70 shares of Kier Group stock. The shares were bought at an average cost of GBX 213 per share, for a total transaction of £149.10.
Kier Group Stock Down 2.5%
Shares of LON KIE traded down GBX 5 during mid-day trading on Tuesday, reaching GBX 196.20. 1,093,003 shares of the company traded hands, compared to its average volume of 4,833,992. The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86. The stock has a market cap of £856.84 million, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.29 and a beta of 0.91. The company’s fifty day moving average is GBX 206.67 and its two-hundred day moving average is GBX 217.41. Kier Group plc has a fifty-two week low of GBX 160.60 and a fifty-two week high of GBX 253.50.
Kier Group declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 3rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank restated a “buy” rating and issued a GBX 260 price objective on shares of Kier Group in a research note on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 253.33.
Read Our Latest Report on Kier Group
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.
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