Kier Group (LON:KIE) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Kier Group plc (LON:KIE) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 167.38 ($2.26) and traded as high as GBX 187 ($2.53). Kier Group shares last traded at GBX 184 ($2.49), with a volume of 23,322,000 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 210 price objective on shares of Kier Group in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 210.

Kier Group Stock Down 0.4%

The stock’s 50-day moving average is GBX 200.71 and its 200-day moving average is GBX 167.38. The stock has a market cap of £801.76 million, a P/E ratio of 1,936.84, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83.

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.