Kier Group (LON:KIE) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

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 203.95 and traded as high as GBX 226.50. Kier Group shares last traded at GBX 216.50, with a volume of 8,113,533 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have commented on KIE shares. Berenberg Bank increased their price target 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 issued a GBX 260 target price on shares of Kier Group in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 240 price target 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 data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 246.67.

Kier Group Stock Performance

The stock has a market capitalization of £938.39 million, a price-to-earnings ratio of 17.89, a P/E/G ratio of 0.29 and a beta of 1.14. The company’s fifty day simple moving average is GBX 219.02 and its 200 day simple moving average is GBX 203.95. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83.

Kier Group (LON:KIE) last announced its earnings results on Tuesday, September 16th. The company reported GBX 21.60 EPS for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. On average, equities research analysts expect that Kier Group plc will post 20.4913295 earnings per share 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 value of £714,000. Insiders own 2.17% 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.