Keller Group (LON:KLR) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Keller Group plc (LON:KLR) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,908.10 and traded as high as GBX 2,394. Keller Group shares last traded at GBX 2,373.90, with a volume of 123,418 shares changing hands.

Analysts Set New Price Targets

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

Keller Group Price Performance

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 stock has a market capitalization of £1.63 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a 50-day moving average of GBX 2,186.29 and a 200-day moving average of GBX 1,917.12.

Keller Group (LON:KLR) last issued its quarterly earnings data 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 research analysts expect that Keller Group plc will post 192.5925926 earnings per share for the current fiscal year.

Keller Group declared that its Board of Directors has initiated a stock buyback program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, insider David Burke sold 44,212 shares of Keller Group 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 corporate 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.