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

Kier Group logo with Industrials background

Kier Group plc (LON:KIE - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 150.95 ($2.05) and traded as high as GBX 203.50 ($2.77). Kier Group shares last traded at GBX 200.50 ($2.73), with a volume of 621,962 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 210 ($2.86) price objective on shares of Kier Group in a research note on Wednesday, June 4th.

Read Our Latest Report on KIE

Kier Group Price Performance

The company's 50 day moving average price is GBX 174.01 and its two-hundred day moving average price is GBX 150.95. 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 stock has a market cap of £863.07 million, a P/E ratio of 20.19, a P/E/G ratio of 0.29 and a beta of 1.14.

About Kier Group

(Get Free Report)

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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