Kier Group (LON:KIE) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Kier Group plc (LON:KIE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 221.44 and traded as high as GBX 246.40. Kier Group shares last traded at GBX 244.78, with a volume of 8,559,024 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a research note on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 253.33.

Kier Group Stock Performance

The company has a market cap of £1.06 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 0.29 and a beta of 0.89. The stock has a 50 day moving average price of GBX 243.41 and a two-hundred day moving average price of GBX 221.44. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22.

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.