Kier Group (LON:KIE) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Kier Group plc (LON:KIE) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 216.74 and traded as low as GBX 205.60. Kier Group shares last traded at GBX 206.40, with a volume of 21,073,641 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 260 target price on shares of Kier Group in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 253.33.

Kier Group Stock Performance

The firm has a market capitalization of £912.74 million, a PE ratio of 15.95, a P/E/G ratio of 0.29 and a beta of 0.91. The company has a debt-to-equity ratio of 230.22, a current ratio of 0.86 and a quick ratio of 0.69. The firm has a fifty day moving average price of GBX 205.10 and a 200 day moving average price of GBX 216.74.

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

Kier Group announced that its Board of Directors has initiated a stock repurchase program on Tuesday, March 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

About Kier Group

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.