Kier Group (LON:KIE) Share Price Passes Above 200-Day Moving Average of $117.03

Kier Group plc (LON:KIE - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 117.03 ($1.48) and traded as high as GBX 126.20 ($1.60). Kier Group shares last traded at GBX 124.80 ($1.58), with a volume of 1,086,494 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 210 ($2.66) price objective on shares of Kier Group in a research report on Thursday, March 7th.

Kier Group Price Performance

The company's 50-day moving average is GBX 132.19 and its two-hundred day moving average is GBX 117.08. The company has a debt-to-equity ratio of 94.84, a current ratio of 0.80 and a quick ratio of 0.69. The firm has a market cap of £558.06 million, a P/E ratio of 1,388.89, a PEG ratio of 0.29 and a beta of 0.82.

Kier Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 1.67 ($0.02) per share. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, April 18th. Kier Group's payout ratio is 3,333.33%.

Kier Group Company Profile

Kier Group plc primarily engages in the construction business in the United Kingdom and internationally. The company operates through three segments: Construction, Infrastructure Services, and Property. It constructs power stations, roads, bridges, railways, tunnels, and buildings for public and private sectors including schools, hospitals and prisons; and provides maintenance services for the UK road, rail, and utilities infrastructure, as well as reactive repairs.