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

Shares of Kier Group plc (LON:KIE) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 220.34 and traded as high as GBX 262. Kier Group shares last traded at GBX 260.40, with a volume of 838,943 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a research report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Kier Group currently has a consensus rating of “Buy” and a consensus price target of GBX 253.33.

Kier Group Stock Performance

The firm has a market capitalization of £1.14 billion, a PE ratio of 19.98, a P/E/G ratio of 0.29 and a beta of 0.88. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69. The firm has a fifty day moving average price of GBX 235.56 and a 200 day moving average price of GBX 220.57.

Insider Transactions at Kier Group

In related news, insider Clive Watson acquired 1,156 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of GBX 197 per share, for a total transaction of £2,277.32. In the last 90 days, insiders bought 1,354 shares of company stock worth $272,758. 2.16% of the stock is currently 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. 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.