Kier Group (LON:KIE) Stock Price Crosses Above 200 Day Moving Average of $117.42

Kier Group plc (LON:KIE)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 117.42 ($1.46) and traded as high as GBX 127.40 ($1.59). Kier Group shares last traded at GBX 127 ($1.58), with a volume of 742,102 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 210 ($2.61) target price on shares of Kier Group in a report on Thursday, March 7th.

Kier Group Price Performance

The company has a debt-to-equity ratio of 94.84, a quick ratio of 0.69 and a current ratio of 0.80. The company has a 50-day moving average of GBX 132.08 and a 200-day moving average of GBX 117.42. The stock has a market capitalization of £558.06 million, a price-to-earnings ratio of 1,411.11, a P/E/G ratio of 0.29 and a beta of 0.82.

Kier Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be issued a GBX 1.67 ($0.02) dividend. The ex-dividend date is Thursday, April 18th. This represents a dividend yield of 1.23%. Kier Group’s dividend payout ratio (DPR) is 3,333.33%.

About Kier Group

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.