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

Key Points

• Share price slipped below the 200‑day moving average: Kier traded as low as GBX 189.98 and last at GBX 193.53 versus a 200‑day MA of GBX 220.34, a bearish technical signal on heavy volume (75.9m shares).
• Analysts remain bullish: Berenberg reiterated a "Buy" with a GBX 260 target and the consensus rating is "Buy" with an average target of GBX 253.33.
• Mixed fundamentals and corporate action: market cap is £843m with high leverage (debt/equity 230.22) and weak liquidity (current ratio 0.86), while the board has announced a share buyback program, signaling they may view the shares as undervalued.

Kier Group plc (LON:KIE - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 220.34 and traded as low as GBX 189.98. Kier Group shares last traded at GBX 193.53, with a volume of 75,859,117 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 260 price target on shares of Kier Group in a report on Wednesday, March 4th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 253.33.

Kier Group Trading Down 0.2%

The firm has a market capitalization of £843.17 million, a PE ratio of 16.13, a P/E/G ratio of 0.29 and a beta of 0.77. 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 moving average price is GBX 221.69 and its 200 day moving average price is GBX 220.34.

Kier Group (LON:KIE - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 9.50 EPS for the quarter. Kier Group had a net margin of 1.47% and a return on equity of 11.69%. As a group, analysts expect that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Kier Group announced that its board has initiated a stock buyback program on Tuesday, March 3rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its shares are undervalued.

About Kier Group

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.

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