Kier Group (LON:KIE) Stock Price Crosses Above 200 Day Moving Average of $118.33

Shares of Kier Group plc (LON:KIE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 118.33 ($1.46) and traded as high as GBX 135 ($1.67). Kier Group shares last traded at GBX 134.60 ($1.66), with a volume of 1,230,253 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 ($2.59) price objective on shares of Kier Group in a research report on Thursday, March 7th.

Kier Group Trading Up 2.9 %

The company has a debt-to-equity ratio of 94.84, a quick ratio of 0.69 and a current ratio of 0.80. The firm has a 50 day simple moving average of GBX 132.10 and a two-hundred day simple moving average of GBX 118.33. The firm has a market capitalization of £600.92 million, a P/E ratio of 1,495.56, a PEG ratio of 0.29 and a beta of 0.82.

Kier Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 1.67 ($0.02) per share. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, April 18th. Kier Group’s payout ratio is 3,333.33%.

Kier Group Company Profile

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.