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

Kier Group plc (LON:KIE)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 147.01 ($1.82) and traded as high as GBX 149.80 ($1.86). Kier Group shares last traded at GBX 149.80 ($1.86), with a volume of 1,072,243 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 210 ($2.60) price objective on shares of Kier Group in a research note on Thursday, January 23rd.

Kier Group Price Performance

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.88. The firm has a market capitalization of £660.21 million, a price-to-earnings ratio of 1,361.82, a P/E/G ratio of 0.29 and a beta of 1.14. The stock has a 50 day moving average of GBX 145.84 and a 200 day moving average of GBX 147.

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.