Keller Group (LON:KLR) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Keller Group plc (LON:KLR)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,874.43 and traded as high as GBX 2,306. Keller Group shares last traded at GBX 2,265.69, with a volume of 122,341 shares trading hands.

Wall Street Analysts Forecast Growth

KLR has been the subject of several recent analyst reports. Royal Bank Of Canada lifted their price target on Keller Group from GBX 2,050 to GBX 2,270 and gave the company a “sector perform” rating in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft lifted their price target on Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a research note on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Keller Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,155.

Keller Group Trading Up 0.1%

The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.86 and a beta of 1.03. The company has a fifty day moving average price of GBX 2,147.75 and a two-hundred day moving average price of GBX 1,874.43. The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39.

Keller Group (LON:KLR) last issued its earnings results on Tuesday, March 3rd. The company reported GBX 215.20 earnings per share for the quarter. Keller Group had a return on equity of 23.46% and a net margin of 4.62%. As a group, research analysts forecast that Keller Group plc will post 192.5925926 earnings per share for the current fiscal year.

Keller Group declared that its Board of Directors has authorized a stock buyback program on Monday, March 30th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Keller Group

In other news, insider David Burke sold 44,212 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total transaction of £894,408.76. 3.18% of the stock is currently owned by corporate insiders.

Keller Group Company Profile

Keller Group plc provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers ground improvement services, grouting, deep foundations, earth retention, marine, and instrumentation and monitoring services, as well as post-tension systems and industrial services. It also provides solutions, such as bearing capacity improvement, low carbon construction, containment, excavation support, stabilisation, marine structures, seepage control, slope stabilization, and monitoring.