Kier Group (LON:KIE) Stock Passes Above 200 Day Moving Average - Here's What Happened

Shares of Kier Group plc (LON:KIE - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 145.04 ($1.96) and traded as high as GBX 173.80 ($2.35). Kier Group shares last traded at GBX 171.60 ($2.32), with a volume of 1,045,732 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 210 ($2.84) target price on shares of Kier Group in a research note on Wednesday, June 4th.

Kier Group Price Performance

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 company has a market capitalization of £751.58 million, a P/E ratio of 17.58, a P/E/G ratio of 0.29 and a beta of 1.14. The company has a 50 day moving average price of GBX 149.05 and a 200 day moving average price of GBX 145.04.

Kier Group (LON:KIE - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported GBX 8.70 ($0.12) EPS for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. On average, equities analysts predict that Kier Group plc will post 20.4913295 EPS for the current fiscal year.

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.