Kier Group (LON:KIE) Shares Pass Above 200-Day Moving Average of $0.00

Kier Group plc (LON:KIE)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $77.95. Kier Group shares last traded at $74.00, with a volume of 1,309,260 shares traded.

KIE has been the subject of a number of analyst reports. Numis Securities reaffirmed a “buy” rating and issued a GBX 573 ($7.49) price target on shares of in a report on Monday, June 17th. Peel Hunt reaffirmed a “buy” rating on shares of Ascential in a report on Friday, June 14th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 150 ($1.96) price target (down from GBX 320 ($4.18)) on shares of Kier Group in a report on Friday, June 14th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of GBX 514.25 ($6.72).

The firm has a market capitalization of $119.97 million and a P/E ratio of 2.52. The business’s 50 day simple moving average is GBX 107.98. The company has a current ratio of 1.15, a quick ratio of 0.93 and a debt-to-equity ratio of 90.18.

About Kier Group (LON:KIE)

Kier Group plc primarily engages in construction business in the United Kingdom, the Americas, the Middle East, the Far East, and Australia. The company operates in four divisions: Property, Residential, Construction, and Services. It offers construction services, including civil engineering, construction management, engineering design, mechanical and electrical design, interiors and refurbishments, and construction related technical services, as well as infrastructure support services for rail network.

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