Kier Group (LON:KIE) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Shares of Kier Group plc (LON:KIE - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 141.18 ($1.89) and traded as high as GBX 146.80 ($1.97). Kier Group shares last traded at GBX 146 ($1.96), with a volume of 2,549,689 shares.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 210 ($2.82) target price on shares of Kier Group in a research note on Thursday, January 23rd.

Kier Group Trading Up 0.1 %

The company has a debt-to-equity ratio of 302.83, a quick ratio of 0.69 and a current ratio of 0.88. The company has a market cap of £629.33 million, a P/E ratio of 14.72, a P/E/G ratio of 0.29 and a beta of 1.14. The business has a fifty day simple moving average of GBX 131.84 and a 200 day simple moving average of GBX 141.24.

Kier Group (LON:KIE - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.12) earnings per share for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. Analysts anticipate that Kier Group plc will post 20.4913295 earnings per share for the current fiscal year.

Kier Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, April 24th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 1.66%. Kier Group's dividend payout ratio is currently 50.34%.

Insider Buying and Selling at Kier Group

In other news, insider Matthew Lester purchased 16,310 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of GBX 123 ($1.65) per share, for a total transaction of £20,061.30 ($26,906.25). 6.07% of the stock is currently owned by insiders.

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.

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