Kier Group (LON:KIE) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Kier Group plc (LON:KIE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 212.71 and traded as high as GBX 225. Kier Group shares last traded at GBX 222.50, with a volume of 23,336,627 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Peel Hunt reissued a “buy” rating and issued a GBX 260 target price on shares of Kier Group in a report on Tuesday, December 2nd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 240 price target on shares of Kier Group in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 246.67.

Kier Group Stock Up 0.4%

The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83. The firm has a market capitalization of £969.73 million, a P/E ratio of 18.55, a P/E/G ratio of 0.29 and a beta of 1.14. The company has a 50 day simple moving average of GBX 220.45 and a two-hundred day simple moving average of GBX 212.71.

Kier Group Company Profile

Kier Group is a leading infrastructure services, construction and property group based in the UK.

Our purpose is to sustainably deliver infrastructure which is vital to the UK with a vision is to be the UK’s leading infrastructure services and construction company.

We operate through three segments; Infrastructure Services, Construction and Property. Infrastructure Services comprises our Transportation and Natural Resources, Nuclear and Networks business. Transportation: builds and maintains roads for National Highways and a number of district and county councils as well as our rail, airports’ infrastructure and ports’ businesses.

Natural Resources, Nuclear and Networks: delivers long-term contracts providing repairs, maintains and support capital projects to the water, energy, and telecommunications sectors.

Construction — comprises of our Regional Building, Strategic Projects, Kier Places (Housing Maintenance and Facilities Management), and International businesses.