Kier Group plc (LON:KIE – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 142.60 ($1.88) and traded as high as GBX 145.20 ($1.92). Kier Group shares last traded at GBX 143.60 ($1.90), with a volume of 2,034,217 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 ($2.77) price objective on shares of Kier Group in a report on Thursday, September 12th.
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Kier Group Price Performance
Kier Group Increases Dividend
The business also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 24th will be issued a GBX 3.48 ($0.05) dividend. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 2.32%. This is a positive change from Kier Group’s previous dividend of $1.67. Kier Group’s dividend payout ratio (DPR) is currently 4,545.45%.
Insiders Place Their Bets
In other Kier Group news, insider Matthew Lester acquired 7,340 shares of Kier Group stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of GBX 136 ($1.80) per share, with a total value of £9,982.40 ($13,186.79). Company insiders own 5.93% of the company’s stock.
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.
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