Berenberg Bank Issues Positive Forecast for Keller Group (LON:KLR) Stock Price

Keller Group (LON:KLR) had its price target hoisted by Berenberg Bank from GBX 2,350 to GBX 2,550 in a research report issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 12.24% from the stock’s previous close.

A number of other research analysts have also commented on KLR. Deutsche Bank Aktiengesellschaft increased their price objective on Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a research report on Thursday, March 5th. Royal Bank Of Canada increased their price objective on Keller Group from GBX 2,050 to GBX 2,270 and gave the company a “sector perform” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,317.50.

Keller Group Trading Up 0.4%

Shares of LON KLR opened at GBX 2,272 on Wednesday. Keller Group has a 1-year low of GBX 1,238 and a 1-year high of GBX 2,446. The company has a market cap of £1.57 billion, a PE ratio of 11.43, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39. The company has a 50-day moving average of GBX 2,147.75 and a two-hundred day moving average of GBX 1,874.43.

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

Keller Group declared that its Board of Directors has initiated a share repurchase plan on Monday, March 30th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Keller Group

In other Keller Group news, insider David Burke sold 44,212 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 2,023, for a total value of £894,408.76. Insiders own 3.18% of the company’s stock.

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.