Kier Group (LON:KIE) Shares Down 12.9% – Should You Sell?

Shares of Kier Group plc (LON:KIE) traded down 12.9% during 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 traded hands during mid-day 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).

Analyst Ratings Changes

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

Kier Group Price Performance

The company has a 50-day moving average of GBX 145.39 and a two-hundred day moving average of GBX 145.72. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. The stock has a market capitalization of £532.05 million, a PE ratio of 12.44, a P/E/G ratio of 0.29 and a beta of 1.14.

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

Insider Activity

In other news, insider Matthew Lester acquired 16,310 shares of Kier Group stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of GBX 123 ($1.60) per share, with a total value of £20,061.30 ($26,016.47). Corporate insiders own 6.07% of the company’s stock.

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.