Kier Group Announces Strong Trading Update and Revised Margin Targets

Kier Group plc ( (GB:KIE) ) has shared an announcement.

Kier Group plc has issued a trading update ahead of its Capital Markets Event, highlighting its strong performance and strategic focus on sustainable growth. The company reported a robust order book of approximately £11 billion, with significant recent awards in infrastructure services, construction, and property. Kier has revised its operating profit margin target to 4.0%-4.5% over the next 3 to 5 years, driven by improved bidding discipline and risk management. This strategic move aims to enhance the quality of its order book and align with its long-term growth plans, offering increased visibility and opportunities for stakeholders.

The most recent analyst rating on (GB:KIE) stock is a Buy with a £210.00 price target. To see the full list of analyst forecasts on Kier Group plc stock, see the GB:KIE Stock Forecast page.

Spark’s Take on GB:KIE Stock

According to Spark, TipRanks’ AI Analyst, GB:KIE is a Outperform.

Kier Group plc shows a strong financial performance with notable revenue growth and effective cash flow management, though its high debt levels are a concern. The stock’s technical indicators suggest potential overbought conditions despite positive momentum. The valuation is fair, supported by a reasonable P/E ratio and attractive dividend yield. Ongoing corporate buyback programs further improve the outlook by enhancing shareholder value.

To see Spark’s full report on GB:KIE stock, click here.

More about Kier Group plc

Kier Group plc is a leading UK infrastructure services, construction, and property group. The company provides specialist design and build capabilities, leveraging the knowledge, skills, and intellectual capital of its people to project manage and integrate all aspects of a project.

Average Trading Volume: 2,032,265

Technical Sentiment Signal: Buy

Current Market Cap: £718.2M

For a thorough assessment of KIE stock, go to TipRanks’ Stock Analysis page.