Kier Group (LON:KIE) Stock Price Passes Above Two Hundred Day Moving Average of $114.58

Kier Group plc (LON:KIE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 114.58 ($1.45) and traded as high as GBX 134.40 ($1.70). Kier Group shares last traded at GBX 132 ($1.67), with a volume of 1,897,612 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 210 ($2.65) price target on shares of Kier Group in a report on Thursday, March 7th.

Kier Group Trading Down 0.7 %

The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 94.84. The stock has a market capitalization of £593.78 million, a price-to-earnings ratio of 1,477.78, a PEG ratio of 0.29 and a beta of 0.82. The firm has a 50-day moving average of GBX 131.82 and a 200 day moving average of GBX 115.04.

Kier Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be given a GBX 1.67 ($0.02) dividend. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, April 18th. Kier Group’s dividend payout ratio is currently 3,333.33%.

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.