Kier Group (LON:KIE) Shares Down 12.9% – Here’s What Happened

Kier Group plc (LON:KIE) fell 12.9% during mid-day trading on Tuesday . The stock traded as low as GBX 122 ($1.58) and last traded at GBX 122 ($1.58). 6,290,550 shares were traded during trading, an increase of 80% from the average session volume of 3,501,025 shares. The stock had previously closed at GBX 140 ($1.82).

Wall Street Analysts Forecast Growth

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

Kier Group Stock Performance

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’s 50-day simple moving average is GBX 145.39 and its two-hundred day simple moving average is GBX 145.72. The firm has a market cap of £532.05 million, a price-to-earnings ratio of 12.44, a P/E/G ratio of 0.29 and a beta of 1.14.

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

Insider Transactions at Kier Group

In other news, insider Matthew Lester acquired 16,310 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of GBX 123 ($1.60) per share, for a total transaction of £20,061.30 ($26,016.47). Insiders own 6.07% of the company’s stock.

Kier Group Company Profile

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.