Kier Group (LON:KIE) Stock Price Crosses Above 200 Day Moving Average of $142.74

Kier Group plc (LON:KIE) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 142.74 ($1.91) and traded as high as GBX 142.77 ($1.91). Kier Group shares last traded at GBX 141.80 ($1.90), with a volume of 880,511 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 210 ($2.81) price objective on shares of Kier Group in a research note on Thursday, September 12th.

Kier Group Stock Up 0.4 %

The company has a market capitalization of £624.96 million, a price-to-earnings ratio of 1,289.09, a PEG ratio of 0.29 and a beta of 1.14. The firm’s 50 day simple moving average is GBX 149.84 and its 200-day simple moving average is GBX 142.74. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.88.

Kier Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be given a dividend of GBX 3.48 ($0.05) per share. This is a positive change from Kier Group’s previous dividend of $1.67. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 24th. Kier Group’s payout ratio is presently 4,545.45%.

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.