Kier Group (LON:KIE) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Kier Group plc (LON:KIE)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 216.74 and traded as low as GBX 205.60. Kier Group shares last traded at GBX 206.40, with a volume of 21,073,641 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 260 price objective on shares of Kier Group in a research note on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Kier Group currently has a consensus rating of “Buy” and a consensus target price of GBX 253.33.

Kier Group Stock Performance

The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86. The firm has a 50 day moving average of GBX 205.10 and a 200-day moving average of GBX 216.74. The stock has a market capitalization of £912.74 million, a PE ratio of 15.95, a P/E/G ratio of 0.29 and a beta of 0.91.

Kier Group (LON:KIE) last issued its earnings results on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share for the quarter. Kier Group had a return on equity of 11.69% and a net margin of 1.47%. Research analysts forecast that Kier Group plc will post 20.4913295 earnings per share for the current year.

Kier Group declared that its Board of Directors has authorized a stock repurchase program on Tuesday, March 3rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

About Kier Group

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. Infrastructure Services comprises our Transportation and Natural Resources, Nuclear and Networks business. Transportation: builds and maintains roads for National Highways and a number of district and county councils as well as our rail, airports’ infrastructure and ports’ businesses.

Natural Resources, Nuclear and Networks: delivers long-term contracts providing repairs, maintains and support capital projects to the water, energy, and telecommunications sectors.

Construction — comprises of our Regional Building, Strategic Projects, Kier Places (Housing Maintenance and Facilities Management), and International businesses.