Kier Group (LON:KIE) Shares Cross Above 200-Day Moving Average – What’s Next?

Kier Group plc (LON:KIE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 146.44 ($1.86) and traded as high as GBX 158.20 ($2.01). Kier Group shares last traded at GBX 152.80 ($1.94), with a volume of 5,686,194 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 210 ($2.66) target price on shares of Kier Group in a research note on Thursday, January 23rd.

Kier Group Price Performance

The firm has a market capitalization of £665.49 million, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The stock’s 50 day simple moving average is GBX 146.88 and its two-hundred day simple moving average is GBX 146.44.

Kier Group Company Profile

Kier Group is a leading infrastructure services, construction and property group based in the UK.

Our purpose is to sustainably deliver infrastructure which is vital to the UK with a vision is to be the UK’s leading infrastructure services and construction company.

We operate through three segments; Infrastructure Services, Construction and Property.