Keller Group (LON:KLR) Sets New 52-Week High – What’s Next?

Keller Group plc (LON:KLR)’s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 2,460 and last traded at GBX 2,412, with a volume of 745697 shares. The stock had previously closed at GBX 2,420.

Analysts Set New Price Targets

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

Keller Group Stock Down 0.1%

The company has a debt-to-equity ratio of 48.39, a current ratio of 1.44 and a quick ratio of 1.17. The firm has a market cap of £1.67 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The firm has a 50 day moving average price of GBX 2,218.54 and a 200-day moving average price of GBX 1,945.23.

Keller Group (LON:KLR) last issued its quarterly earnings results 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 analysts predict that Keller Group plc will post 192.5925926 EPS for the current fiscal year.

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

Insider Activity

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 owned by company insiders.

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.