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

Kier Group plc (LON:KIE)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 213.58 and traded as high as GBX 230. Kier Group shares last traded at GBX 226, with a volume of 1,231,309 shares trading hands.

Analysts Set New Price Targets

A number of research firms have issued reports on KIE. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 240 price target on shares of Kier Group in a research report on Thursday, November 13th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 260 target price on shares of Kier Group in a report on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 246.67.

Kier Group Stock Performance

The stock’s 50 day moving average is GBX 221.99 and its two-hundred day moving average is GBX 213.58. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The stock has a market cap of £987.01 million, a price-to-earnings ratio of 18.88, a PEG ratio of 0.29 and a beta of 1.14.

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.