Kier Group (LON:KIE) Stock Price Crosses Above 200-Day Moving Average of $118.33

Kier Group plc (LON:KIE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 118.33 ($1.46) and traded as high as GBX 135 ($1.67). Kier Group shares last traded at GBX 134.60 ($1.66), with a volume of 1,230,253 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 210 ($2.59) target price on shares of Kier Group in a research note on Thursday, March 7th.

Kier Group Stock Performance

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’s 50 day moving average price is GBX 132.10 and its two-hundred day moving average price is GBX 118.33. The firm has a market capitalization of £600.92 million, a PE ratio of 1,495.56, a PEG ratio of 0.29 and a beta of 0.82.

Kier Group Cuts Dividend

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