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 Thursday . The company traded as high as GBX 2,712 and last traded at GBX 2,682, with a volume of 127713 shares trading hands. The stock had previously closed at GBX 2,688.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KLR. Deutsche Bank Aktiengesellschaft increased their target price on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Berenberg Bank upped their price objective on Keller Group from GBX 2,350 to GBX 2,550 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Royal Bank Of Canada increased their price objective on Keller Group from GBX 2,050 to GBX 2,270 and gave the stock a “sector perform” rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,317.50.

Keller Group Trading Down 0.2%

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 company’s fifty day moving average price is GBX 2,328.73 and its two-hundred day moving average price is GBX 2,009.68. The firm has a market cap of £1.84 billion, a PE ratio of 13.50, a P/E/G ratio of 2.86 and a beta of 1.04.

Keller Group announced that its Board of Directors has approved a share buyback plan on Monday, March 30th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Keller Group news, insider David Burke sold 44,212 shares of Keller Group stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total value of £894,408.76. Corporate insiders own 3.20% 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.