Keller Group (LON:KLR) Sets New 52-Week High – What’s Next?

Keller Group plc (LON:KLR) reached a new 52-week high during trading on Friday . The company traded as high as GBX 2,460 and last traded at GBX 2,412, with a volume of 745697 shares changing hands. The stock had previously closed at GBX 2,420.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Berenberg Bank upped their price objective on Keller Group from GBX 2,350 to GBX 2,550 and gave the company a “buy” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada upped their price objective on Keller Group from GBX 2,050 to GBX 2,270 and gave the company a “sector perform” rating in a report on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,317.50.

Keller Group Stock Down 0.1%

The firm has a fifty day simple moving average of GBX 2,218.54 and a 200-day simple moving average of GBX 1,945.23. The company has a market capitalization of £1.67 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a quick ratio of 1.17, a current ratio of 1.44 and a debt-to-equity ratio of 48.39.

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

Keller Group announced that its Board of Directors has initiated a stock repurchase program on Monday, March 30th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other Keller Group news, insider David Burke sold 44,212 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total value of £894,408.76. 3.18% of the stock is owned by company 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.