Keller Group plc (LON:KLR – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,616 ($20.63) and last traded at GBX 1,600 ($20.43), with a volume of 128140 shares changing hands. The stock had previously closed at GBX 1,590 ($20.30).
Analysts Set New Price Targets
Separately, Berenberg Bank raised their price target on Keller Group from GBX 1,500 ($19.15) to GBX 1,750 ($22.34) and gave the stock a “buy” rating in a research note on Tuesday, August 6th.
Check Out Our Latest Report on Keller Group
Keller Group Stock Up 1.8 %
Keller Group Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, September 13th. Stockholders of record on Thursday, August 15th will be issued a dividend of GBX 16.60 ($0.21) per share. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 1.2%. Keller Group’s payout ratio is 3,719.01%.
Insider Buying and Selling
In other news, insider Kerry Porritt purchased 330 shares of the stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average price of GBX 1,260 ($16.09) per share, with a total value of £4,158 ($5,308.99). Corporate insiders own 4.11% of the company’s stock.
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.
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