Keller Group (LON:KLR) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Keller Group plc (LON:KLR) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 2,645.01 and traded as high as GBX 3,330. Keller Group shares last traded at GBX 3,306, with a volume of 196,064 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Berenberg Bank increased their price objective on shares of Keller Group from GBX 3,150 to GBX 3,300 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 3,150 target price on shares of Keller Group in a research report on Wednesday, August 5th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 2,910 target price on shares of Keller Group in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,907.50.

Keller Group Price Performance

The firm has a 50-day simple moving average of GBX 3,085.95 and a 200-day simple moving average of GBX 2,645.01. The firm has a market capitalization of £2.24 billion, a PE ratio of 14.99, a PEG ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 48.00, a current ratio of 1.42 and a quick ratio of 1.17.

Keller Group (LON:KLR) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 115.10 EPS for the quarter. Keller Group had a net margin of 4.81% and a return on equity of 24.09%. As a group, equities analysts forecast that Keller Group plc will post 192.5925926 earnings per share for the current year.

Insider Transactions at Keller Group

In other Keller Group news, insider Stephen King bought 6,500 shares of Keller Group stock in a transaction on Thursday, August 6th. The stock was acquired at an average cost of GBX 3,062 per share, with a total value of £199,030. Company insiders own 3.25% 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.