Kier Group (LON:KIE) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Kier Group plc (LON:KIE)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 146.34 ($1.84) and traded as high as GBX 153 ($1.92). Kier Group shares last traded at GBX 148 ($1.86), with a volume of 2,070,954 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 210 ($2.64) price objective on shares of Kier Group in a report on Thursday, September 12th.

Kier Group Price Performance

The company has a debt-to-equity ratio of 302.88, a quick ratio of 0.69 and a current ratio of 0.88. The stock’s 50-day moving average is GBX 146.19 and its two-hundred day moving average is GBX 146.35. The stock has a market cap of £649.64 million, a PE ratio of 1,340.00, a PEG ratio of 0.29 and a beta of 1.14.

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.