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

Kier Group plc (LON:KIE)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 216.31 and traded as high as GBX 242. Kier Group shares last traded at GBX 234.20, with a volume of 964,731 shares.

Analysts Set New Price Targets

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

Kier Group Price Performance

The firm has a market capitalization of £1.05 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 0.29 and a beta of 0.87. The company has a current ratio of 0.86, a quick ratio of 0.69 and a debt-to-equity ratio of 230.22. The business has a 50-day moving average price of GBX 215.92 and a two-hundred day moving average price of GBX 216.40.

Insider Buying and Selling

In related news, insider Clive Watson acquired 1,156 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of GBX 197 per share, for a total transaction of £2,277.32. In the last ninety days, insiders acquired 1,373 shares of company stock worth $272,828. 2.18% of the stock is owned by corporate 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.