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

Shares of Kier Group plc (LON:KIE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 146.87 ($1.83) and traded as high as GBX 150 ($1.87). Kier Group shares last traded at GBX 144.75 ($1.81), with a volume of 1,650,558 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 210 ($2.62) target price on shares of Kier Group in a report on Thursday, September 12th.

Kier Group Trading Up 0.4 %

The company has a market cap of £634.55 million, a price-to-earnings ratio of 1,308.89, a PEG ratio of 0.29 and a beta of 1.14. The company has a debt-to-equity ratio of 302.88, a current ratio of 0.88 and a quick ratio of 0.69. The business’s 50-day simple moving average is GBX 147.22 and its 200-day simple moving average is GBX 146.87.

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.