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

Kier Group plc (LON:KIE)’s share price dropped 12.9% on Tuesday . The stock traded as low as GBX 122 ($1.58) and last traded at GBX 122 ($1.58). Approximately 6,290,550 shares traded hands during mid-day trading, an increase of 80% from the average daily volume of 3,501,025 shares. The stock had previously closed at GBX 140 ($1.82).

Analysts Set New Price Targets

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

Kier Group Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83. The company has a market cap of £532.05 million, a price-to-earnings ratio of 12.44, a PEG ratio of 0.29 and a beta of 1.14. The stock’s 50-day simple moving average is GBX 145.39 and its 200 day simple moving average is GBX 145.72.

Kier Group (LON:KIE) last issued its quarterly earnings data 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%. On average, equities research analysts anticipate that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Insider Transactions at Kier Group

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