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

Keller Group plc (LON:KLR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,908.10 and traded as high as GBX 2,394. Keller Group shares last traded at GBX 2,373.90, with a volume of 123,418 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the company a “sector perform” rating in a report on Tuesday, April 14th. Berenberg Bank boosted their price target on shares of Keller Group from GBX 2,350 to GBX 2,550 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of 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 two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,317.50.

Keller Group Stock Down 0.2%

The stock’s 50-day moving average is GBX 2,176.81 and its 200-day moving average is GBX 1,908.10. The stock has a market cap of £1.64 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39.

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

Keller Group declared that its Board of Directors has initiated a share buyback plan on Monday, March 30th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Keller Group

In related news, insider David Burke sold 44,212 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 2,023, for a total value of £894,408.76. 3.18% of the stock is owned by corporate 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.