Kier Group (LON:KIE) Shares Pass Above 200 Day Moving Average – Time to Sell?

Kier Group plc (LON:KIE)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 145.42 ($1.83) and traded as high as GBX 153 ($1.93). Kier Group shares last traded at GBX 152.80 ($1.92), with a volume of 898,710 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 210 ($2.64) price target on shares of Kier Group in a research report on Thursday, September 12th.

Kier Group Stock Up 0.4 %

The company’s fifty day simple moving average is GBX 142.74 and its 200-day simple moving average is GBX 145.62. The company has a debt-to-equity ratio of 302.88, a current ratio of 0.88 and a quick ratio of 0.69. The firm has a market capitalization of £645.23 million, a PE ratio of 1,330.91, a price-to-earnings-growth ratio of 0.29 and a beta of 1.14.

Kier Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be issued a GBX 3.48 ($0.04) dividend. This represents a yield of 2.32%. This is a positive change from Kier Group’s previous dividend of $1.67. The ex-dividend date of this dividend is Thursday, October 24th. Kier Group’s dividend payout ratio is presently 4,545.45%.

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.