Kier Group (LON:KIE) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Kier Group plc (LON:KIE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 221.26 and traded as high as GBX 253. Kier Group shares last traded at GBX 253, with a volume of 633,953 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 260 target price on shares of Kier Group in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kier Group currently has an average rating of “Buy” and a consensus price target of GBX 253.33.

Kier Group Price Performance

The company’s fifty day moving average is GBX 240.74 and its 200 day moving average is GBX 221.48. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22. The stock has a market cap of £1.11 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88.

Insider Activity

In other Kier Group news, insider Clive Watson bought 1,156 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were acquired at an average price of GBX 197 per share, with a total value of £2,277.32. Insiders have acquired a total of 1,354 shares of company stock valued at $272,758 over the last ninety days. 2.16% 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. 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.