Kier Group (LON:KIE) Shares Down 12.9% – Here’s What Happened

Shares of Kier Group plc (LON:KIE) dropped 12.9% on Tuesday . The stock traded as low as GBX 122 ($1.57) and last traded at GBX 122 ($1.57). Approximately 6,290,550 shares were traded during trading, an increase of 80% from the average daily volume of 3,501,025 shares. The stock had previously closed at GBX 140 ($1.80).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 210 ($2.70) price objective on shares of Kier Group in a research report on Thursday, January 23rd.

Kier Group Stock Down 11.9 %

The business has a fifty day moving average of GBX 146.40 and a 200 day moving average of GBX 146.16. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. The stock has a market capitalization of £531.19 million, a price-to-earnings ratio of 12.42, a PEG ratio of 0.29 and a beta of 1.14.

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%. As a group, equities analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current year.

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.