Kier Group (LON:KIE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Kier Group plc (LON:KIE)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 201.58 and traded as high as GBX 225. Kier Group shares last traded at GBX 220.50, with a volume of 1,996,579 shares traded.

Analysts Set New Price Targets

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

Kier Group Stock Performance

The firm has a market capitalization of £957.30 million, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. 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 stock’s fifty day moving average is GBX 218.61 and its two-hundred day moving average is GBX 201.58.

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

Insider Activity at Kier Group

In related news, insider Simon Kesterton sold 350,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total value of £714,000. Company insiders own 2.12% of the company’s stock.

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.