Kier Group (LON:KIE) Stock Passes Above 200-Day Moving Average of $129.67

Kier Group plc (LON:KIE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 129.67 ($1.64) and traded as high as GBX 137.60 ($1.75). Kier Group shares last traded at GBX 133.20 ($1.69), with a volume of 1,898,837 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 ($2.66) target price on shares of Kier Group in a research report on Wednesday, May 15th.

Kier Group Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.80 and a debt-to-equity ratio of 94.84. The firm has a market cap of £601.50 million, a P/E ratio of 1,480.00, a PEG ratio of 0.29 and a beta of 0.80. The firm has a fifty day moving average of GBX 140.15 and a 200-day moving average of GBX 129.67.

Kier Group Company Profile

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.