Kier Group (LON:KIE) Stock Crosses Below 200 Day Moving Average – Here’s Why

Kier Group plc (LON:KIE) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 220.34 and traded as low as GBX 189.98. Kier Group shares last traded at GBX 193.53, with a volume of 75,859,117 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 260 price objective on shares of Kier Group in a research report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 253.33.

Kier Group Trading Up 7.1%

The company has a market cap of £905.87 million, a P/E ratio of 15.80, a P/E/G ratio of 0.29 and a beta of 0.90. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22. The business has a 50-day moving average price of GBX 220.80 and a two-hundred day moving average price of GBX 220.11.

Kier Group (LON:KIE) last released its earnings results on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share for the quarter. Kier Group had a return on equity of 11.69% and a net margin of 1.47%. On average, analysts predict that Kier Group plc will post 20.4913295 EPS for the current year.

Kier Group announced that its board has authorized a share repurchase program on Tuesday, March 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Kier Group Company Profile

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.