Kier Group (LON:KIE) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Kier Group plc (LON:KIE)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 234.93 and traded as high as GBX 304.60. Kier Group shares last traded at GBX 299, with a volume of 99,927,258 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KIE shares. Berenberg Bank raised their price objective on shares of Kier Group from GBX 300 to GBX 370 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kier Group from GBX 295 to GBX 330 and gave the company a “buy” rating in a report on Tuesday, September 15th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Kier Group currently has an average rating of “Buy” and a consensus target price of GBX 300.

Kier Group Trading Up 1.7%

The company has a debt-to-equity ratio of 360.81, a quick ratio of 0.69 and a current ratio of 0.90. The stock has a market capitalization of £1.31 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 0.29 and a beta of 0.89. The business’s 50-day moving average is GBX 276.35 and its two-hundred day moving average is GBX 235.41.

Kier Group (LON:KIE) last announced its quarterly earnings data on Tuesday, September 15th. The company reported GBX 23.50 EPS for the quarter. Kier Group had a net margin of 1.42% and a return on equity of 11.95%. As a group, equities research analysts anticipate that Kier Group plc will post 20.49 earnings per share for the current year.

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. 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.