Kier Group (LON:KIE) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Kier Group plc (LON:KIE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 215.55 and traded as high as GBX 219.40. Kier Group shares last traded at GBX 216, with a volume of 10,680,318 shares.

Analyst Upgrades and Downgrades

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

Kier Group Trading Down 0.2%

The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22. The business’s fifty day simple moving average is GBX 206.27 and its two-hundred day simple moving average is GBX 215.55. The company has a market cap of £941.26 million, a price-to-earnings ratio of 16.49, a PEG ratio of 0.29 and a beta of 0.85.

Kier Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Kier Group

In related news, insider Clive Watson bought 1,156 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of GBX 197 per share, with a total value of £2,277.32. Over the last quarter, insiders have acquired 1,375 shares of company stock valued at $272,710. Company insiders own 2.18% 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. 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.