Kier Group (LON:KIE) Stock Passes Above 200 Day Moving Average of $119.75

Kier Group plc (LON:KIE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 119.75 ($1.50) and traded as high as GBX 136.80 ($1.72). Kier Group shares last traded at GBX 136.80 ($1.72), with a volume of 1,082,977 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 ($2.64) price target on shares of Kier Group in a report on Thursday, March 7th.

Kier Group Stock Up 1.1 %

The company has a market cap of £617.22 million, a price-to-earnings ratio of 1,520.00, a PEG ratio of 0.29 and a beta of 0.81. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 94.84. The business has a fifty day moving average of GBX 132.69 and a two-hundred day moving average of GBX 119.75.

Kier Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be issued a GBX 1.67 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 1.23%. 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.