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

Kier Group plc (LON:KIE)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 219.33 and traded as high as GBX 221.50. Kier Group shares last traded at GBX 205.50, with a volume of 16,570,473 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 260 price objective on shares of Kier Group in a research note on Wednesday, March 4th. Peel Hunt reiterated a “buy” rating and issued a GBX 260 price target on shares of Kier Group in a report on Tuesday, December 2nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kier Group has an average rating of “Buy” and a consensus price target of GBX 253.33.

Kier Group Trading Up 0.2%

The stock has a market capitalization of £887.66 million, a P/E ratio of 16.98, a PEG ratio of 0.29 and a beta of 0.77. The stock’s fifty day moving average price is GBX 227.29 and its 200 day moving average price is GBX 219.33. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69.

Kier Group (LON:KIE) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 9.50 earnings per share for the quarter. Kier Group had a net margin of 1.47% and a return on equity of 11.69%. Research analysts forecast that Kier Group plc will post 20.4913295 earnings per share for the current year.

Kier Group declared that its Board of Directors has approved a share buyback program on Tuesday, March 3rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

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.