Kier Group (LON:KIE) Stock Crosses Above 200 Day Moving Average of $117.42

Shares of Kier Group plc (LON:KIE - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 117.42 ($1.46) and traded as high as GBX 127.40 ($1.59). Kier Group shares last traded at GBX 127 ($1.58), with a volume of 742,102 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 210 ($2.61) price target on shares of Kier Group in a report on Thursday, March 7th.

Kier Group Trading Down 2.0 %

The firm has a market capitalization of £555.38 million, a P/E ratio of 1,382.89, a PEG ratio of 0.29 and a beta of 0.82. The company has a quick ratio of 0.69, a current ratio of 0.80 and a debt-to-equity ratio of 94.84. The business has a 50-day moving average price of GBX 132.06 and a 200-day moving average price of GBX 117.49.

Kier Group Cuts Dividend

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

About Kier Group

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.