Kier Group (LON:KIE) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Kier Group plc (LON:KIE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 215.45 and traded as low as GBX 210. Kier Group shares last traded at GBX 220, with a volume of 738,187 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 260 price target on shares of Kier Group in a report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 253.33.

Kier Group Stock Up 2.9%

The company has a market capitalization of £963.26 million, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 0.29 and a beta of 0.87. The company has a 50-day moving average of GBX 209.10 and a two-hundred day moving average of GBX 215.45. The company has a quick ratio of 0.69, a current ratio of 0.86 and a debt-to-equity ratio of 230.22.

Insider Activity at Kier Group

In other Kier Group news, insider Clive Watson bought 1,156 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of GBX 197 per share, for a total transaction of £2,277.32. In the last quarter, insiders have acquired 1,375 shares of company stock worth $272,710. Insiders own 2.18% of the company’s stock.

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.