Kier Group (LON:KIE) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Kier Group plc (LON:KIE) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 143.49 ($1.86) and traded as high as GBX 149.80 ($1.94). Kier Group shares last traded at GBX 142.40 ($1.85), with a volume of 1,662,594 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 210 ($2.73) target price on shares of Kier Group in a research note on Thursday, September 12th.

Kier Group Stock Up 0.6 %

The firm’s 50 day moving average is GBX 145.15 and its 200-day moving average is GBX 143.62. The firm has a market cap of £631.13 million, a PE ratio of 1,301.82, a P/E/G ratio of 0.29 and a beta of 1.14. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 302.88.

Kier Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be given a dividend of GBX 3.48 ($0.05) per share. This represents a yield of 2.32%. The ex-dividend date is Thursday, October 24th. This is an increase from Kier Group’s previous dividend of $1.67. Kier Group’s payout ratio is 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.