Kier Group (LON:KIE) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Kier Group's stock price has surpassed its 200-day moving average, currently trading at GBX 212.50 ($2.86) compared to the average of GBX 171.94 ($2.31).
• Berenberg Bank has raised its price target on Kier Group from GBX 225 to GBX 240, maintaining a buy rating, with a consensus target price also at GBX 240.
• Insider Simon Kesterton sold 350,000 shares at an average price of GBX 204, totaling £714,000, reflecting notable insider activity within the company.

Kier Group plc (LON:KIE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 171.94 ($2.31) and traded as high as GBX 212.50 ($2.86). Kier Group shares last traded at GBX 212.50 ($2.86), with a volume of 944,138 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price target on Kier Group from GBX 225 to GBX 240 and gave the company a "buy" rating in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 240.

Kier Group Trading Up 1.7%

The firm has a market cap of £924.23 million, a PE ratio of 2,236.84, a PEG ratio of 0.29 and a beta of 1.14. The business has a 50-day moving average price of GBX 199.84 and a two-hundred day moving average price of GBX 171.94. The company has a debt-to-equity ratio of 302.83, a current ratio of 0.88 and a quick ratio of 0.69.

Kier Group (LON:KIE - Get Free Report) last posted its quarterly earnings data on Tuesday, September 16th. The company reported GBX 21.60 EPS for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. Analysts forecast that Kier Group plc will post 20.4913295 EPS for the current year.

Insider Activity at Kier Group

In related news, insider Simon Kesterton sold 350,000 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of GBX 204, for a total transaction of £714,000. 1.50% of the stock is currently owned by insiders.

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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