Berenberg Bank Reaffirms “Buy” Rating for Kier Group (LON:KIE)

Berenberg Bank restated their buy rating on shares of Kier Group (LON:KIE) in a research report report published on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 210 ($2.75) price target on the stock.

Kier Group Stock Performance

KIE opened at GBX 140 ($1.83) on Thursday. The company has a market cap of £617.02 million, a PE ratio of 1,555.56, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The stock has a 50-day moving average of GBX 152.22 and a 200-day moving average of GBX 142.37. Kier Group has a 52-week low of GBX 87.84 ($1.15) and a 52-week high of GBX 163.27 ($2.14). The company has a debt-to-equity ratio of 94.84, a quick ratio of 0.69 and a current ratio of 0.80.

Kier Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be paid a dividend of GBX 3.48 ($0.05) per share. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 24th. This is an increase from Kier Group’s previous dividend of $1.67. Kier Group’s dividend payout ratio is 3,333.33%.

Insider Transactions at Kier Group

In related news, insider Matthew Lester purchased 7,340 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was bought at an average price of GBX 136 ($1.78) per share, for a total transaction of £9,982.40 ($13,054.01). 5.81% of the stock is currently owned by corporate insiders.

Kier Group Company Profile

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.