Kier Group (LON:KIE) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

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) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 162.88 ($2.19) and traded as high as GBX 214.50 ($2.88). Kier Group shares last traded at GBX 206.01 ($2.76), with a volume of 2,065,516 shares traded.

Analyst Upgrades and Downgrades

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

Kier Group Stock Performance

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83. The company has a 50 day moving average of GBX 200.88 and a 200 day moving average of GBX 164.42. The firm has a market cap of £863.07 million, a price-to-earnings ratio of 20.19, 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.