Keller Group (LON:KLR) Hits New 52-Week High – Still a Buy?

Keller Group plc (LON:KLR)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 2,712 and last traded at GBX 2,682, with a volume of 127713 shares trading hands. The stock had previously closed at GBX 2,688.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Berenberg Bank increased their price target on shares of Keller Group from GBX 2,350 to GBX 2,550 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Royal Bank Of Canada lifted their price objective on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the stock a “sector perform” rating in a report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a “hold” rating in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,317.50.

Keller Group Stock Down 1.0%

The stock has a 50-day moving average of GBX 2,353.15 and a two-hundred day moving average of GBX 2,021.60. The company has a market cap of £1.82 billion, a P/E ratio of 13.37, a P/E/G ratio of 2.86 and a beta of 1.04. The company has a debt-to-equity ratio of 48.39, a quick ratio of 1.17 and a current ratio of 1.44.

Keller Group declared that its Board of Directors has approved a share repurchase plan on Monday, March 30th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at Keller Group

In other news, insider David Burke sold 44,212 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 2,023, for a total value of £894,408.76. Company insiders own 3.20% 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.