Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Share Price Reconstruction For Kier Group?

By Spreadex (Connor Campbell)Stock MarketsSep 13, 2018 10:36
Share Price Reconstruction For Kier Group?
By Spreadex (Connor Campbell)   |  Sep 13, 2018 10:36
Saved. See Saved Items.
This article has already been saved in your Saved Items

Can Kier Group (LON:KIE) reconstruct its stock price following next Thursday’s full year results?

It’s not been the best year to be in the construction and services sector. With the collapse of Carillion kicking off 2018, Kier got off to a wild start; opening at £10.52, January ended up taking 18 month lows of £9.20 and a 3 month peak of £11.62.

Kier Group PLC
Kier Group PLC

It continued to range between £9 and £11 across spring, only to settle into a more consistent decline from early summer onwards following a negative note from analysts at Barclays (LON:BARC). And having hit an £8.80 nadir not seen since late 2012 in mid-August, Kier Group PLC now sits at a current trading price of £9.61, with bearish bets against the company at a 4 year high according to data from IHS Markit Ltd.

Back in July the firm released a pretty important update in advance of next week’s full year reveal. There it announced the launch of an efficiency and streamlining programme, entitled ‘Future Proofing Kier’, and will crucially include ‘the disposal of non-core operations’, with the company’s renewed focus on infrastructure services, buildings, and developments and housing designed to deliver ‘an improvement in operating margins and cash generation’.

As for its financial performance, the firm’s average month-end net debt increased to £375 million, ‘reflecting reduced volumes due to bad weather’ impacting the Construction business, though Kier claimed that volumes had picked back up. The statement went on to say that underlying profit and earnings are forecast to be ‘in line with expectations’.

Whether or not Kier can spark a turnaround next week, then, will be dependent on how investors respond to the expanded details of that ‘Future Proofing’ plan on Thursday.

Kier Group PLC has a consensus rating of ‘Buy’ alongside an average target price of £14.96.

Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.

In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved."

Original post

Share Price Reconstruction For Kier Group?

Related Articles

Edison Group
Palace Capital: Poised To Unlock Value By Edison Group - Dec 01, 2021

Palace Capital's (LON:PCA) H122 results showed strong financial and operational improvement, including leasing progress, Hudson Quarter (HQ) apartment sales and strong rent...

Share Price Reconstruction For Kier Group?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email