Kier Group (LON:KIE) Shares Down 0.4% – What’s Next?

Kier Group plc (LON:KIE)’s stock price fell 0.4% during mid-day trading on Wednesday . The stock traded as low as GBX 152.40 ($1.92) and last traded at GBX 153.80 ($1.94). 1,029,696 shares were traded during trading, a decline of 46% from the average session volume of 1,901,898 shares. The stock had previously closed at GBX 154.40 ($1.95).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 ($2.65) target price on shares of Kier Group in a report on Thursday, September 12th.

Kier Group Price Performance

The business has a 50 day simple moving average of GBX 145.14 and a two-hundred day simple moving average of GBX 146.29. The firm has a market capitalization of £662.86 million, a P/E ratio of 1,367.27, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.88, a quick ratio of 0.69 and a current ratio of 0.88.

Kier Group Company Profile

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.