Kier Group (LON:KIE) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Kier Group plc (LON:KIE) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 230.99 and traded as high as GBX 304. Kier Group shares last traded at GBX 292.60, with a volume of 815,078 shares traded.

Wall Street Analysts Forecast Growth

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

Kier Group Stock Up 2.8%

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 cap of £1.28 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 0.29 and a beta of 0.89. The business’s 50 day moving average is GBX 269.92 and its 200 day moving average is GBX 231.59.

Kier Group (LON:KIE) last released its earnings results on Tuesday, September 15th. The company reported GBX 23.50 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 11.95% and a net margin of 1.42%. Equities analysts expect that Kier Group plc will post 20.4913295 earnings per share for the current year.

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.