Kier Group (LON:KIE) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Kier Group plc (LON:KIE - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 141.67 ($1.87) and traded as high as GBX 157.60 ($2.08). Kier Group shares last traded at GBX 155.80 ($2.05), with a volume of 3,395,099 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 210 ($2.77) price target on shares of Kier Group in a research report on Thursday, January 23rd.

Kier Group Stock Up 0.3%

The firm's 50 day simple moving average is GBX 132.59 and its 200 day simple moving average is GBX 141.88. The company has a market cap of £680.99 million, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.83.

Kier Group (LON:KIE - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) earnings per share for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. Sell-side analysts anticipate that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

Kier Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, April 24th will be given a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.66%. The ex-dividend date of this dividend is Thursday, April 24th. Kier Group's payout ratio is presently 50.34%.

Insiders Place Their Bets

In other news, insider Matthew Lester bought 16,310 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of GBX 123 ($1.62) per share, for a total transaction of £20,061.30 ($26,431.23). Insiders own 6.07% of the company's stock.

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.