Kier Group (LON:KIE) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of Kier Group plc (LON:KIE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 218.75 and traded as high as GBX 221.50. Kier Group shares last traded at GBX 218, with a volume of 1,262,524 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KIE. Peel Hunt reissued a “buy” rating and set a GBX 260 price target on shares of Kier Group in a research report on Tuesday, December 2nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 260 price objective on shares of Kier Group in a research note on Wednesday, March 4th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 240 target price on shares of Kier Group in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kier Group has an average rating of “Buy” and a consensus target price of GBX 253.33.

Kier Group Price Performance

The stock has a 50 day moving average of GBX 228.48 and a 200-day moving average of GBX 218.75. The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86. The company has a market cap of £941.66 million, a PE ratio of 18.02, a price-to-earnings-growth ratio of 0.29 and a beta of 0.77.

Kier Group (LON:KIE) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share for the quarter. Kier Group had a return on equity of 11.69% and a net margin of 1.47%. Equities analysts predict that Kier Group plc will post 20.4913295 earnings per share for the current year.

Kier Group announced that its board has approved a share buyback program on Tuesday, March 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Kier Group Company Profile

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. Infrastructure Services comprises our Transportation and Natural Resources, Nuclear and Networks business. Transportation: builds and maintains roads for National Highways and a number of district and county councils as well as our rail, airports’ infrastructure and ports’ businesses.

Natural Resources, Nuclear and Networks: delivers long-term contracts providing repairs, maintains and support capital projects to the water, energy, and telecommunications sectors.

Construction — comprises of our Regional Building, Strategic Projects, Kier Places (Housing Maintenance and Facilities Management), and International businesses.