Keller Group (LON:KLR) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Keller Group plc (LON:KLR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,601.45 and traded as high as GBX 3,148. Keller Group shares last traded at GBX 3,126, with a volume of 248,840 shares trading hands.

Wall Street Analysts Forecast Growth

KLR has been the topic of a number of recent research reports. Berenberg Bank increased their target price on Keller Group from GBX 3,150 to GBX 3,300 and gave the company a “buy” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 3,150 price target on shares of Keller Group in a research report on Wednesday, August 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 2,910 price objective on shares of Keller Group in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Keller Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,907.50.

Keller Group Trading Down 0.3%

The stock has a 50-day moving average price of GBX 3,095.73 and a two-hundred day moving average price of GBX 2,605.06. The stock has a market capitalization of £2.11 billion, a PE ratio of 14.14, a PEG ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 48.00, a quick ratio of 1.17 and a current ratio of 1.42.

Keller Group (LON:KLR) last released its earnings results on Tuesday, August 4th. The company reported GBX 115.10 EPS for the quarter. Keller Group had a net margin of 4.81% and a return on equity of 24.09%. As a group, equities analysts forecast that Keller Group plc will post 192.5925926 earnings per share for the current year.

Insider Activity

In other news, insider Stephen King bought 6,500 shares of the stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of GBX 3,062 per share, for a total transaction of £199,030. 3.25% of the stock is owned by company insiders.

About Keller Group

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.