Kier Group (LON:KIE) Share Price Passes Above 200-Day Moving Average – Here’s Why

Kier Group plc (LON:KIE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 189.49 and traded as high as GBX 230. Kier Group shares last traded at GBX 229, with a volume of 5,899,074 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price target on Kier Group from GBX 225 to GBX 240 and gave the company a “buy” rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 240.

Kier Group Stock Performance

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 company has a market capitalization of £988.25 million, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The business has a 50 day moving average of GBX 209.75 and a 200-day moving average of GBX 189.49.

Kier Group (LON:KIE) last released its quarterly earnings data on Tuesday, September 16th. The company reported GBX 21.60 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. On average, sell-side analysts predict that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kier Group news, insider Simon Kesterton sold 350,000 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total value of £714,000. 1.43% of the stock is owned by corporate insiders.

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.