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

Key Points

• Shares of Kier Group (LON:KIE) recently exceeded its 200-day moving average, closing at GBX 184 ($2.49) with a trading volume of 23,322,000 shares.
• Berenberg Bank has reaffirmed a "buy" rating for Kier Group, setting a price target of GBX 210, contributing to the stock's average rating of "Buy" from analysts.
• Despite positive analyst sentiment, Kier Group's stock has experienced a slight decline of 0.4%, with a market capitalization of £801.76 million and significant debt levels reflected in its high debt-to-equity ratio of 302.83.

Kier Group plc (LON:KIE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 167.38 ($2.27) and traded as high as GBX 187 ($2.54). Kier Group shares last traded at GBX 184 ($2.50), with a volume of 23,322,000 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their target price on shares of Kier Group from GBX 210 to GBX 225 and gave the company a "buy" rating in a report on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 225.

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 firm has a market cap of £829.85 million, a price-to-earnings ratio of 2,008.42, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company's fifty day moving average is GBX 199.36 and its two-hundred day moving average is GBX 168.31.

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.