Kier Group (LON:KIE) Shares Cross Above 200 Day Moving Average – Should You Sell?

Kier Group plc (LON:KIE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 215.55 and traded as high as GBX 219.40. Kier Group shares last traded at GBX 216, with a volume of 10,680,318 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 260 target price on shares of Kier Group in a report on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 253.33.

Kier Group Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22. The business has a 50 day moving average price of GBX 206.27 and a 200 day moving average price of GBX 215.55. The stock has a market cap of £941.26 million, a P/E ratio of 16.49, a PEG ratio of 0.29 and a beta of 0.85.

Kier Group declared that its board has initiated a share buyback plan on Tuesday, March 3rd that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Kier Group news, insider Clive Watson bought 1,156 shares of Kier Group stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of GBX 197 per share, for a total transaction of £2,277.32. Insiders acquired a total of 1,375 shares of company stock valued at $272,710 in the last 90 days. Company insiders own 2.18% of the company’s stock.

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.