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

Key Points

• Kier Group's stock price has surpassed its 200-day moving average, trading as high as GBX 230, with a last price of GBX 226.31.
• Berenberg Bank has raised its price target for Kier Group from GBX 225 to GBX 240 and maintains a "buy" rating, with analysts showing a consensus rating of "Buy."
• Insider Simon Kesterton sold 350,000 shares of Kier Group at an average price of GBX 204, totaling £714,000, while the company has a market cap of £983.08 million.

Shares of Kier Group plc (LON:KIE - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 180.17 ($2.41) and traded as high as GBX 230 ($3.07). Kier Group shares last traded at GBX 226.31 ($3.02), with a volume of 1,304,063 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted 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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 240.

Kier Group Trading Down 0.5%

The business has a 50-day moving average of GBX 205.37 and a 200-day moving average of GBX 180.17. 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 £983.08 million, a price-to-earnings ratio of 1,870.33, a PEG ratio of 0.29 and a beta of 1.14.

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

Insider Transactions at Kier Group

In other 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 value of £714,000. Corporate insiders own 1.43% 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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