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

Kier Group plc (LON:KIE)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 146.34 ($1.83) and traded as high as GBX 153 ($1.91). Kier Group shares last traded at GBX 148 ($1.85), with a volume of 2,070,954 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 210 ($2.62) price target on shares of Kier Group in a research report on Thursday, September 12th.

Kier Group Stock Performance

The stock’s 50-day moving average price is GBX 146.03 and its 200-day moving average price is GBX 146.34. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.88. The company has a market capitalization of £643.58 million, a P/E ratio of 1,327.52, a P/E/G ratio of 0.29 and a beta of 1.14.

About Kier Group

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.