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

Kier Group plc (LON:KIE)’s stock price traded down 12.9% 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).

Analyst Upgrades and Downgrades

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

Kier Group Price Performance

The firm has a market capitalization of £532.05 million, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company’s fifty day moving average price is GBX 145.39 and its 200 day moving average price is GBX 145.72. 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 released its quarterly earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) earnings per share for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. Equities research analysts expect that Kier Group plc will post 20.4913295 earnings per share for the current year.

Insider Buying and Selling at Kier Group

In related news, insider Matthew Lester acquired 16,310 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of GBX 123 ($1.60) per share, with a total value of £20,061.30 ($26,016.47). 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.