Kier Group (LON:KIE) Stock Passes Above 200-Day Moving Average – Should You Sell?

Shares of Kier Group plc (LON:KIE) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 146.87 ($1.81) and traded as high as GBX 150 ($1.85). Kier Group shares last traded at GBX 144.75 ($1.78), with a volume of 1,650,558 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 210 ($2.58) price objective on shares of Kier Group in a research report on Thursday, September 12th.

Kier Group Stock Performance

The company has a debt-to-equity ratio of 302.88, a quick ratio of 0.69 and a current ratio of 0.88. The company has a market capitalization of £609.97 million, a PE ratio of 1,258.18, a PEG ratio of 0.29 and a beta of 1.14. The business’s 50-day moving average is GBX 147.08 and its 200-day moving average is GBX 146.86.

About Kier Group

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.