Keller Group (LON:KLR) Reaches New 1-Year High – Here’s What Happened

Keller Group plc (LON:KLRGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 2,720 and last traded at GBX 2,712, with a volume of 122312 shares traded. The stock had previously closed at GBX 2,654.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Berenberg Bank upped 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 research note on Wednesday, May 20th. Royal Bank Of Canada raised their price objective on shares of 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,317.50.

Get Our Latest Research Report on Keller Group

Keller Group Trading Up 1.6%

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 stock’s 50-day moving average is GBX 2,438.58 and its two-hundred day moving average is GBX 2,089.23. The company has a market cap of £1.88 billion, a P/E ratio of 13.78, a P/E/G ratio of 2.86 and a beta of 1.04.

Keller Group announced that its Board of Directors has authorized a share repurchase plan on Monday, March 30th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.

Keller Group Company Profile

(Get Free Report)

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.

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