Keller Group (LON:KLR) Hits New 12-Month High – Here’s Why

Keller Group plc (LON:KLR)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,332.93 and last traded at GBX 2,236, with a volume of 1775732 shares traded. The stock had previously closed at GBX 2,184.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KLR shares. Royal Bank Of Canada boosted their target price on Keller Group from GBX 2,050 to GBX 2,270 and gave the stock a “sector perform” rating in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft boosted their target price on Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a “hold” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 2,155.

Keller Group Stock Down 1.1%

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 company has a market capitalization of £1.53 billion, a PE ratio of 11.08, a P/E/G ratio of 2.86 and a beta of 0.99. The business has a 50-day moving average of GBX 2,059.45 and a 200 day moving average of GBX 1,784.66.

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

Keller Group announced that its Board of Directors has authorized a stock buyback program on Monday, March 30th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Keller Group news, insider David Burke sold 44,212 shares of the business’s stock in a transaction that occurred 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 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.