Kier Group (LON:KIE) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Kier Group plc (LON:KIE) shares 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.

Analyst Ratings Changes

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

Kier Group Stock Down 0.4%

The company’s 50-day moving average is GBX 209.29 and its 200 day moving average is GBX 215.45. The company has a market capitalization of £971.14 million, a PE ratio of 16.93, a P/E/G ratio of 0.29 and a beta of 0.87. The company has a debt-to-equity ratio of 230.22, a quick ratio of 0.69 and a current ratio of 0.86.

Insider Activity

In other news, insider Clive Watson purchased 1,156 shares of the business’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. Insiders have purchased a total of 1,305 shares of company stock valued at $257,800 in the last 90 days. Corporate insiders own 2.18% of the company’s stock.

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. 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.