Kier Group (LON:KIE) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Shares of Kier Group plc (LON:KIE - Get Free Report) 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.

Wall Street Analyst Weigh In

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

Kier Group Price Performance

The stock has a market cap of £631.13 million, a PE ratio of 1,301.82, a price-to-earnings-growth 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. The company's fifty day moving average is GBX 145.15 and its 200 day moving average is GBX 143.62.

Kier Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be paid a GBX 3.48 ($0.05) dividend. This represents a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, October 24th. This is an increase from Kier Group's previous dividend of $1.67. Kier Group's dividend payout ratio (DPR) is currently 4,545.45%.

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.