Peel Hunt Downgrades Keller Group (KLR) to Hold

Keller Group (LON:KLR) was downgraded by analysts at Peel Hunt to a “hold” rating in a report issued on Thursday. They currently have a GBX 1,040 ($13.59) target price on the stock, down from their previous target price of GBX 1,180 ($15.42). Peel Hunt’s target price would suggest a potential upside of 57.81% from the stock’s previous close.

Several other analysts have also commented on KLR. Liberum Capital reaffirmed a “buy” rating on shares of Keller Group in a research report on Monday, July 2nd. Numis Securities lifted their price objective on shares of Keller Group from GBX 1,000 ($13.07) to GBX 1,190 ($15.55) and gave the stock a “hold” rating in a research report on Monday, July 30th. Finally, Berenberg Bank lifted their price objective on shares of Keller Group from GBX 925 ($12.09) to GBX 1,150 ($15.03) and gave the stock a “hold” rating in a research report on Wednesday, August 22nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 1,256 ($16.41).

Shares of KLR stock opened at GBX 659 ($8.61) on Thursday. Keller Group has a 52 week low of GBX 790 ($10.32) and a 52 week high of GBX 1,072 ($14.01).

Keller Group (LON:KLR) last announced its quarterly earnings data on Monday, July 30th. The company reported GBX 41 ($0.54) EPS for the quarter, topping the consensus estimate of GBX 32.90 ($0.43) by GBX 8.10 ($0.11). Keller Group had a net margin of 4.21% and a return on equity of 18.87%.

In other Keller Group news, insider Venu Raju bought 5,000 shares of Keller Group stock in a transaction dated Wednesday, August 8th. The stock was purchased at an average price of GBX 1,054 ($13.77) per share, for a total transaction of £52,700 ($68,861.88).

Keller Group Company Profile

Keller Group plc provides geotechnical solutions in North America, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers ground improvement services to prepare the ground for new construction projects and to reduce the risk of liquefaction in the areas of seismic activity; and grouting services, which enhance target areas in the ground, and controls ground water flow through rocks and soils by reducing their permeability.

Featured Story: Compound Annual Growth Rate (CAGR)

Analyst Recommendations for Keller Group (LON:KLR)

Receive News & Ratings for Keller Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Keller Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply