Kier Group (LON:KIE) Share Price Passes Above 200-Day Moving Average – Here’s Why

Kier Group plc (LON:KIE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 189.49 and traded as high as GBX 230. Kier Group shares last traded at GBX 229, with a volume of 5,899,074 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their target price on Kier Group from GBX 225 to GBX 240 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Kier Group presently has an average rating of “Buy” and an average price target of GBX 240.

Kier Group Price Performance

The business has a fifty day moving average price of GBX 209.75 and a 200-day moving average price of GBX 189.49. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The stock has a market capitalization of £988.25 million, a PE ratio of 18.80, a PEG ratio of 0.29 and a beta of 1.14.

Kier Group (LON:KIE) last posted its quarterly earnings data on Tuesday, September 16th. The company reported GBX 21.60 earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. Research analysts expect that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Insider Activity

In other news, insider Simon Kesterton sold 350,000 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total value of £714,000. Insiders own 1.43% of the company’s stock.

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.