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

Kier Group plc (LON:KIE)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 146.37 ($1.89) and traded as high as GBX 147 ($1.89). Kier Group shares last traded at GBX 145.20 ($1.87), with a volume of 944,746 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 ($2.71) price objective on shares of Kier Group in a research note on Thursday, January 23rd.

Kier Group Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83. The business’s 50-day moving average is GBX 146.74 and its two-hundred day moving average is GBX 146.37. The company has a market capitalization of £625.03 million, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

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.