Kier Group (LON:KIE) Stock Price Down 11.9% – Time to Sell?

Shares of Kier Group plc (LON:KIE) dropped 11.9% during mid-day trading on Tuesday . The stock traded as low as GBX 121.20 ($1.57) and last traded at GBX 123.36 ($1.60). Approximately 6,696,175 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 3,509,303 shares. The stock had previously closed at GBX 140 ($1.82).

Wall Street Analyst Weigh In

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

Kier Group Trading Down 0.3 %

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 firm has a market capitalization of £526.88 million, a P/E ratio of 12.32, a PEG ratio of 0.29 and a beta of 1.14. The firm has a 50 day moving average of GBX 145.39 and a 200-day moving average of GBX 145.72.

Kier Group (LON:KIE) last released 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 return on equity of 8.23% and a net margin of 1.09%. On average, equities research analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current fiscal year.

Insider Activity at Kier Group

In related news, insider Matthew Lester acquired 16,310 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of GBX 123 ($1.60) per share, for a total transaction of £20,061.30 ($26,016.47). 6.07% of the stock is currently owned by company insiders.

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.