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

Kier Group plc (LON:KIE - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 141.67 ($1.87) and traded as high as GBX 157.60 ($2.08). Kier Group shares last traded at GBX 155.80 ($2.05), with a volume of 3,395,099 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 210 ($2.77) target price on shares of Kier Group in a research note on Thursday, January 23rd.

Kier Group Stock 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 firm has a market capitalization of £680.99 million, a price-to-earnings ratio of 15.93, a PEG ratio of 0.29 and a beta of 1.14. The stock has a fifty day moving average price of GBX 132.59 and a 200-day moving average price of GBX 141.88.

Kier Group (LON:KIE - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.11) earnings per share for the quarter. Kier Group had a net margin of 1.09% and a return on equity of 8.23%. As a group, analysts anticipate 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. Stockholders of record on Thursday, April 24th will be issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, April 24th. Kier Group's payout ratio is 50.34%.

Insider Transactions at Kier Group

In related news, insider Matthew Lester bought 16,310 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of GBX 123 ($1.62) per share, with a total value of £20,061.30 ($26,431.23). 6.07% of the stock is owned by company 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.