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

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

Analyst Upgrades and Downgrades

KLR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a research note on Thursday, March 5th. Royal Bank Of Canada boosted their target price on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the stock a “sector perform” rating in a research note on Tuesday, April 14th. Finally, 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 report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 2,317.50.

Keller Group Trading Up 2.2%

The stock has a market cap of £1.86 billion, a P/E ratio of 13.65, a price-to-earnings-growth 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. The firm’s fifty day simple moving average is GBX 2,418.35 and its 200-day simple moving average is GBX 2,073.78.

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

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.