Kier Group (LON:KIE) Share Price Crosses Above 200-Day Moving Average of $141.15

Shares of Kier Group plc (LON:KIE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 141.15 ($1.86) and traded as high as GBX 155.60 ($2.05). Kier Group shares last traded at GBX 152 ($2.00), with a volume of 1,158,370 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and set a GBX 210 ($2.77) target price on shares of Kier Group in a research report on Thursday, July 18th.

Kier Group Trading Down 0.3 %

The firm’s 50-day moving average price is GBX 150.32 and its 200 day moving average price is GBX 141.15. The company has a market cap of £669.47 million, a price-to-earnings ratio of 1,688.89, a P/E/G ratio of 0.29 and a beta of 0.95. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 94.84.

Insider Buying and Selling

In related news, insider Matthew Lester purchased 7,340 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was purchased at an average cost of GBX 136 ($1.79) per share, with a total value of £9,982.40 ($13,164.18). 5.81% of the stock is owned by insiders.

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.