Kier Group (LON:KIE) Trading Down 0.4% – Should You Sell?

Kier Group plc (LON:KIE) shares dropped 0.4% on Wednesday . The stock traded as low as GBX 152.40 ($1.94) and last traded at GBX 153.80 ($1.96). Approximately 1,029,696 shares traded hands during trading, a decline of 46% from the average daily volume of 1,901,898 shares. The stock had previously closed at GBX 154.40 ($1.97).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 210 ($2.68) target price on shares of Kier Group in a research note on Thursday, September 12th.

Kier Group Price Performance

The company has a debt-to-equity ratio of 302.88, a current ratio of 0.88 and a quick ratio of 0.69. The stock has a market capitalization of £677.84 million, a price-to-earnings ratio of 1,398.18, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a 50-day simple moving average of GBX 144.60 and a two-hundred day simple moving average of GBX 146.24.

About Kier Group

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.