Kier Group (LON:KIE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Kier Group plc (LON:KIE)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 175.81 ($2.36) and traded as high as GBX 231.28 ($3.11). Kier Group shares last traded at GBX 229.68 ($3.09), with a volume of 5,289,061 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on shares of Kier Group from GBX 225 to GBX 240 and gave the company a “buy” rating in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 240.

Kier Group Stock Up 1.4%

The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69. The company has a market cap of £998.95 million, a P/E ratio of 2,417.68, a PEG ratio of 0.29 and a beta of 1.14. The stock has a 50-day moving average of GBX 201.72 and a 200 day moving average of GBX 175.81.

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

Insider Transactions at Kier Group

In other Kier Group news, insider Simon Kesterton sold 350,000 shares of Kier Group 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. 1.50% of the stock is currently owned by corporate insiders.

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.