Berenberg Bank Boosts Keller Group (LON:KLR) Price Target to GBX 1,750

Keller Group (LON:KLR) had its price objective increased by Berenberg Bank from GBX 1,500 ($19.17) to GBX 1,750 ($22.36) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Keller Group Trading Up 2.7 %

KLR traded up GBX 42 ($0.54) during trading on Tuesday, hitting GBX 1,580 ($20.19). The company’s stock had a trading volume of 168,852 shares, compared to its average volume of 169,053. Keller Group has a twelve month low of GBX 672 ($8.59) and a twelve month high of GBX 1,614 ($20.63). The stock has a market cap of £1.14 billion, a PE ratio of 1,305.79, a PEG ratio of 2.86 and a beta of 1.16. The firm’s 50 day moving average price is GBX 1,347.54 and its 200-day moving average price is GBX 1,140.20. The company has a debt-to-equity ratio of 75.04, a current ratio of 1.33 and a quick ratio of 1.17.

Keller Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 16.60 ($0.21) per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 1.2%. Keller Group’s dividend payout ratio is presently 3,719.01%.

Insider Activity

In other Keller Group news, insider Kerry Porritt bought 330 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average price of GBX 1,260 ($16.10) per share, with a total value of £4,158 ($5,313.74). Corporate insiders own 4.11% 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.