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Kier Group reported modest quarterly earnings, followed by a stock drop despite an analyst's "buy" rating.
Kier Group, a UK infrastructure and construction company, reported quarterly earnings of GBX 8.70 ($0.11) per share, with a net margin of 1.09% and return on equity of 8.23%.
The company's stock fell to GBX 122.40 ($1.59) on Thursday, with a market cap of £526.88 million.
An analyst maintained a "buy" rating with a target price of GBX 210 ($2.72).
Insider Matthew Lester bought 16,310 shares on March 11th at an average cost of GBX 123 ($1.60) per share.
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Kier Group reportó modestas ganancias trimestrales, seguidas por una caída de acciones a pesar de la calificación de "compra" de un analista.