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

Kier Group plc (LON:KIE) shares fell 12.9% during trading on Tuesday . The company traded as low as GBX 122 ($1.58) and last traded at GBX 122 ($1.58). 6,290,550 shares changed hands 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 Ratings Changes

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

Kier Group Stock Performance

The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The stock has a fifty day simple moving average of GBX 145.39 and a two-hundred day simple moving average of GBX 145.72. The stock has a market cap of £532.05 million, a PE ratio of 12.44, a PEG ratio of 0.29 and a beta of 1.14.

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

Insider Activity

In related news, insider Matthew Lester purchased 16,310 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired 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.