Kier Group (LON:KIE) Shares Cross Above 200 Day Moving Average - Here's Why

Key Points

• Kier Group plc's shares have recently crossed above their 200-day moving average of GBX 162.88, reaching a peak of GBX 214.50 during trading.
• Berenberg Bank has reiterated a "buy" rating for Kier Group with a price target of GBX 210 ($2.85) as of July 22nd.
• The company has a debt-to-equity ratio of 302.83 and a market capitalization of £886.79 million, indicating significant leverage in its financial structure.

Kier Group plc (LON:KIE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 162.88 ($2.20) and traded as high as GBX 214.50 ($2.89). Kier Group shares last traded at GBX 206.01 ($2.78), with a volume of 2,065,516 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 210 price target on shares of Kier Group in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of GBX 210.

Kier Group Price Performance

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 fifty day moving average price of GBX 199.91 and a two-hundred day moving average price of GBX 163.81. The company has a market cap of £858.34 million, a P/E ratio of 20.07, a PEG ratio of 0.29 and a beta of 1.14.

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.