Kier Group (LON:KIE) Shares Pass Above 200 Day Moving Average - What's Next?

Kier Group plc (LON:KIE - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 145.42 ($1.84) and traded as high as GBX 153 ($1.94). Kier Group shares last traded at GBX 152.80 ($1.93), with a volume of 898,710 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 210 ($2.66) target price on shares of Kier Group in a report on Thursday, September 12th.

Kier Group Trading Down 4.6 %

The company has a market capitalization of £642.58 million, a price-to-earnings ratio of 1,327.27, a P/E/G ratio of 0.29 and a beta of 1.14. The business's 50-day simple moving average is GBX 142.75 and its 200-day simple moving average is GBX 145.54. The company has a debt-to-equity ratio of 302.88, a quick ratio of 0.69 and a current ratio of 0.88.

Kier Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 24th will be given a GBX 3.48 ($0.04) dividend. This represents a dividend yield of 2.32%. This is an increase 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 (DPR) is currently 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.