Keller Group (LON:KLR) Authorizes Stock Buyback Program

Keller Group (LON:KLR) announced that its Board of Directors has approved a stock repurchase program on Monday, March 30th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Keller Group Price Performance

Shares of Keller Group stock traded down GBX 28.01 during midday trading on Monday, reaching GBX 1,914. The company had a trading volume of 234,287 shares, compared to its average volume of 1,436,667. The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39. The stock has a fifty day simple moving average of GBX 1,956.22 and a 200 day simple moving average of GBX 1,706.90. Keller Group has a 1-year low of GBX 1,222 and a 1-year high of GBX 2,250. The company has a market capitalization of £1.32 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 2.86 and a beta of 1.04.

Keller Group (LON:KLR) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 215.20 earnings per share (EPS) for the quarter. Keller Group had a return on equity of 23.46% and a net margin of 4.62%. As a group, equities research analysts forecast that Keller Group will post 192.5925926 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Keller Group currently has an average rating of “Moderate Buy” and an average price target of GBX 2,116.67.

Insider Buying and Selling at Keller Group

In other news, insider David Burke sold 44,212 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total transaction of £894,408.76. 3.18% of the stock is currently owned by insiders.

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. It also provides solutions, such as bearing capacity improvement, low carbon construction, containment, excavation support, stabilisation, marine structures, seepage control, slope stabilization, and monitoring.