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

Kier Group plc (LON:KIE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 142.32 ($1.89) and traded as high as GBX 162 ($2.15). Kier Group shares last traded at GBX 160.16 ($2.13), with a volume of 1,577,709 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 210 ($2.79) price target on shares of Kier Group in a research note on Thursday, January 23rd.

Kier Group Stock Up 1.0%

The company has a market cap of £689.44 million, a P/E ratio of 16.12, a PEG ratio of 0.29 and a beta of 1.14. 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's 50-day simple moving average is GBX 134.27 and its 200 day simple moving average is GBX 142.32.

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

Kier Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, April 24th will be paid a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 1.66%. Kier Group's dividend payout ratio (DPR) is 50.34%.

Insider Buying and Selling at Kier Group

In other Kier Group news, insider Matthew Lester bought 16,310 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of GBX 123 ($1.63) per share, for a total transaction of £20,061.30 ($26,648.91). Company insiders own 6.07% of the company's stock.

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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