Keller Group (LON:KLR) Sets New 12-Month High – What’s Next?

Keller Group plc (LON:KLR) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,720 and last traded at GBX 2,712, with a volume of 122312 shares changing hands. The stock had previously closed at GBX 2,654.

Analyst Upgrades and Downgrades

KLR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price 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. Berenberg Bank lifted their target price on Keller Group from GBX 2,350 to GBX 2,550 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada boosted their price target on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the stock 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 given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,317.50.

Keller Group Stock Up 2.2%

The company has a debt-to-equity ratio of 48.39, a current ratio of 1.44 and a quick ratio of 1.17. The stock has a market capitalization of £1.86 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 2.86 and a beta of 1.04. The stock has a fifty day moving average price of GBX 2,418.35 and a 200 day moving average price of GBX 2,073.78.

Keller Group announced that its Board of Directors has initiated a share repurchase program on Monday, March 30th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.