Keller Group (LON:KLR) Reaches New 12-Month High – Here’s Why

Keller Group plc (LON:KLR)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,666 and last traded at GBX 1,656, with a volume of 239042 shares trading hands. The stock had previously closed at GBX 1,660.

Analysts Set New Price Targets

A number of analysts have weighed in on KLR shares. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,250 target price on shares of Keller Group in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft upgraded Keller Group to a “buy” rating and set a GBX 1,660 price objective on the stock in a research report on Friday, August 29th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,900 target price on shares of Keller Group in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 1,936.67.

Keller Group Price Performance

The stock has a market cap of £1.16 billion, a P/E ratio of 8.76, a P/E/G ratio of 2.86 and a beta of 1.34. The company’s 50 day moving average price is GBX 1,576.05 and its 200-day moving average price is GBX 1,465.93. The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of 71.61.

Insider Transactions at Keller Group

In related news, insider Annette Kelleher bought 1,921 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was acquired at an average cost of GBX 1,554 per share, with a total value of £29,852.34. 3.16% of the stock is currently owned by corporate 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.