Keller Group (LON:KLR) Hits New 52-Week High – Should You Buy?

Keller Group plc (LON:KLR)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as GBX 2,446 and last traded at GBX 2,400, with a volume of 250820 shares trading hands. The stock had previously closed at GBX 2,402.

Wall Street Analysts Forecast Growth

KLR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a report on Thursday, March 5th. Royal Bank Of Canada raised their target price on shares of 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Keller Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,155.

Keller Group Trading Up 0.5%

The firm has a market capitalization of £1.66 billion, a PE ratio of 12.13, 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. The business’s fifty day moving average price is GBX 2,123.11 and its 200 day moving average price is GBX 1,843.69.

Keller Group (LON:KLR) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 215.20 EPS for the quarter. Keller Group had a net margin of 4.62% and a return on equity of 23.46%. As a group, 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 approved a share repurchase program on Monday, March 30th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Keller Group

In other news, insider David Burke sold 44,212 shares of Keller Group stock in a transaction dated Monday, March 23rd. The shares were 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 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.