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

Kier Group plc (LON:KIE) shares traded down 14.9% on Tuesday . The company traded as low as GBX 119.20 ($1.55) and last traded at GBX 119.20 ($1.55). 7,705,329 shares changed hands during trading, an increase of 118% from the average session volume of 3,529,898 shares. The stock had previously closed at GBX 140 ($1.82).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued 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 Stock Performance

The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The company’s 50 day moving average is GBX 145.39 and its 200-day moving average is GBX 145.72. The company has a market capitalization of £526.02 million, a P/E ratio of 12.30, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

Kier Group (LON:KIE) last released its earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) earnings per share (EPS) for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. Equities analysts anticipate that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Matthew Lester bought 16,310 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of GBX 123 ($1.60) per share, for a total transaction of £20,061.30 ($26,016.47). Corporate 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.