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

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 198.49 and traded as high as GBX 204. Kier Group shares last traded at GBX 203, with a volume of 1,223,565 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KIE. Canaccord Genuity Group reissued a “buy” rating and set a GBX 240 price target on shares of Kier Group in a research report on Thursday, November 13th. Berenberg Bank upped their target price on Kier Group from GBX 225 to GBX 240 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 260 target price on shares of Kier Group in a report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 246.67.

Kier Group Trading Down 1.2%

The business has a fifty day simple moving average of GBX 217.36 and a 200-day simple moving average of GBX 198.49. 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 firm has a market cap of £883.32 million, a price-to-earnings ratio of 16.78, a PEG ratio of 0.29 and a beta of 1.14.

Kier Group (LON:KIE) last announced its quarterly earnings results on Tuesday, September 16th. The company reported GBX 21.60 EPS for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. As a group, equities analysts forecast that Kier Group plc will post 20.4913295 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kier Group news, insider Simon Kesterton sold 350,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of GBX 204, for a total transaction of £714,000. 2.12% of the stock is owned by insiders.

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.