A combination of a solid trading update and a healthy order book have helped propel Kier (KIE) shares to a new 52-week highs.

On 3 June CEO Andrew Davies said the company continued to trade well an ‘in line’ with the board’s expectations and noted that as of 30 April 2025 the order book stood at roughly £11 billion.

The FTSE 250 construction and infrastructure specialist also upgraded its three-to-five year adjusted operating margin target from 3.5%-plus to the 4%-to-4.5% range.

Year-to-date shares have gained 31% and the company has enjoyed momentum in terms of contract wins. Including an award from Anglian Water IOS Alliance worth up to £400 million for Kier’s Natural Resources, Nuclear & Networks arm over five years and a one-year extension to work for Shropshire County Council.  

Berenberg analysts see ‘good growth opportunities in several areas’ including ‘water following a successful bid period gaining positions on circa £15 billion worth of frameworks’. 

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