Kier Group (LON:KIE) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Kier Group plc (LON:KIE)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 145.42 ($1.85) and traded as high as GBX 153 ($1.94). Kier Group shares last traded at GBX 152.80 ($1.94), with a volume of 898,710 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 210 ($2.66) price objective on shares of Kier Group in a research note on Thursday, September 12th.

Kier Group Stock 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 business’s fifty day simple moving average is GBX 142.58 and its 200-day simple moving average is GBX 145.42. The firm has a market capitalization of £676.34 million, a PE ratio of 1,389.09, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

Kier Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 24th will be issued a GBX 3.48 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, October 24th. This is a positive change from Kier Group’s previous dividend of $1.67. This represents a dividend yield of 2.32%. Kier Group’s dividend payout ratio (DPR) is 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.