Kier Group (LON:KIE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Kier Group plc (LON:KIE) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 201.58 and traded as high as GBX 225. Kier Group shares last traded at GBX 220.50, with a volume of 1,996,579 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on KIE shares. Berenberg Bank increased their price objective on shares of Kier Group from GBX 225 to GBX 240 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Peel Hunt reaffirmed a “buy” rating and set a GBX 260 price target on shares of Kier Group in a research report on Thursday, November 13th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 240 price objective on shares of Kier Group in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 246.67.

Kier Group Stock Performance

The stock’s 50-day moving average price is GBX 218.61 and its 200-day moving average price is GBX 201.58. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The company has a market capitalization of £957.30 million, a P/E ratio of 18.18, a P/E/G ratio of 0.29 and a beta of 1.14.

Kier Group (LON:KIE) last announced its quarterly earnings data on Tuesday, September 16th. The company reported GBX 21.60 earnings per share for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. As a group, equities analysts expect that Kier Group plc will post 20.4913295 EPS for the current year.

Insider Activity at Kier Group

In other news, insider Simon Kesterton sold 350,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total transaction of £714,000. Company insiders own 2.12% 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.