Kier Group (LON:KIE) Shares Down 14.9% – Time to Sell?

Kier Group plc (LON:KIE) shares were down 14.9% on Tuesday . The company traded as low as GBX 119.20 ($1.53) and last traded at GBX 119.20 ($1.53). Approximately 7,705,329 shares traded hands during mid-day trading, an increase of 118% from the average daily volume of 3,529,898 shares. The stock had previously closed at GBX 140 ($1.80).

Wall Street Analyst Weigh In

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

Kier Group Trading Down 11.7 %

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’s fifty day moving average is GBX 146.40 and its two-hundred day moving average is GBX 146.16. The firm has a market cap of £532.05 million, a P/E 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%. Analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Matthew Lester purchased 16,310 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of GBX 123 ($1.58) per share, with a total value of £20,061.30 ($25,828.89). 6.07% of the stock is owned by insiders.

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.