Kier Group (LON:KIE) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Kier Group's shares have surpassed their 200-day moving average, trading at GBX 202 ($2.72) recently, indicating a potential positive trend in performance.
• Analysts maintain a "buy" rating for Kier Group, with Berenberg Bank setting a target price of GBX 210, suggesting further growth potential.
• The company's current market capitalization stands at £853.77 million, with a price-to-earnings ratio of 19.97, indicating reasonable valuation metrics amidst its trading activity.

Kier Group plc (LON:KIE - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 165.32 ($2.22) and traded as high as GBX 202 ($2.72). Kier Group shares last traded at GBX 202 ($2.72), with a volume of 819,546 shares changing hands.

Analyst Ratings Changes

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

Kier Group Trading Down 1.8%

The firm has a market capitalization of £853.77 million, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The stock has a 50-day simple moving average of GBX 201.85 and a two-hundred day simple moving average of GBX 165.32.

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.

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