Keller Group (LON:KLR) Shares Pass Above 200 Day Moving Average – What’s Next?

Keller Group plc (LON:KLR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,515.07 and traded as high as GBX 3,039.41. Keller Group shares last traded at GBX 3,030, with a volume of 108,199 shares.

Analysts Set New Price Targets

Several research analysts have weighed in on KLR shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 3,150 price objective on shares of Keller Group in a research report on Wednesday, August 5th. Berenberg Bank raised their price target on shares of Keller Group from GBX 3,150 to GBX 3,300 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 2,910 price target on shares of Keller Group in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 2,907.50.

Keller Group Stock Performance

The stock has a 50 day simple moving average of GBX 3,068.32 and a 200 day simple moving average of GBX 2,522.81. The company has a current ratio of 1.42, a quick ratio of 1.17 and a debt-to-equity ratio of 48.00. The stock has a market cap of £2.06 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03.

Keller Group (LON:KLR) last released its earnings results on Tuesday, August 4th. The company reported GBX 115.10 earnings per share for the quarter. Keller Group had a return on equity of 24.09% and a net margin of 4.81%. On average, equities analysts expect that Keller Group plc will post 192.5925926 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Stephen King acquired 6,500 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of GBX 3,062 per share, with a total value of £199,030. 3.22% of the stock is currently owned by company insiders.

About Keller Group

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.