Kier Group (LON:KIE) Share Price Passes Above 200-Day Moving Average of $117.42

Shares of Kier Group plc (LON:KIE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 117.42 ($1.46) and traded as high as GBX 127.40 ($1.59). Kier Group shares last traded at GBX 127 ($1.58), with a volume of 742,102 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 210 ($2.61) target price on shares of Kier Group in a report on Thursday, March 7th.

Kier Group Trading Down 1.6 %

The company has a market capitalization of £558.06 million, a PE ratio of 1,411.11, a PEG ratio of 0.29 and a beta of 0.82. The company has a fifty day simple moving average of GBX 132.08 and a 200-day simple moving average of GBX 117.42. The company has a current ratio of 0.80, a quick ratio of 0.69 and a debt-to-equity ratio of 94.84.

Kier Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be issued a GBX 1.67 ($0.02) dividend. This represents a dividend 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.