Kier Group (LON:KIE) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Kier Group plc (LON:KIE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 217.64 and traded as high as GBX 240. Kier Group shares last traded at GBX 237.93, with a volume of 746,032 shares traded.

Analyst Ratings Changes

KIE has been the subject of several research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 240 price objective on shares of Kier Group in a research report on Thursday, November 13th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a research note on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 246.67.

Kier Group Stock Performance

The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The stock has a 50-day moving average of GBX 228.61 and a 200-day moving average of GBX 217.64. The firm has a market cap of £1.04 billion, a price-to-earnings ratio of 19.88, 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. 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.