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

Kier Group plc (LON:KIE)’s stock price dropped 12.9% during mid-day trading on Tuesday . The stock traded as low as GBX 122 ($1.57) and last traded at GBX 122 ($1.57). Approximately 6,290,550 shares changed hands during trading, an increase of 80% from the average daily volume of 3,501,025 shares. The stock had previously closed at GBX 140 ($1.80).

Analysts Set New Price Targets

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

Kier Group Trading Down 11.9 %

The company has a 50 day moving average of GBX 146.40 and a 200 day moving average of GBX 146.16. The firm has a market cap of £531.19 million, a P/E ratio of 12.42, a PEG ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88.

Kier Group (LON:KIE) last posted its earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) EPS for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. Analysts predict that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

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.