Berenberg Bank Raises Keller Group (LON:KLR) Price Target to GBX 1,750

Keller Group (LON:KLR) had its target price lifted by Berenberg Bank from GBX 1,500 ($19.17) to GBX 1,750 ($22.36) in a report released on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

Keller Group Price Performance

Shares of KLR opened at GBX 1,582 ($20.22) on Tuesday. The company has a 50 day moving average of GBX 1,342.30 and a two-hundred day moving average of GBX 1,137.12. The company has a quick ratio of 1.17, a current ratio of 1.33 and a debt-to-equity ratio of 75.04. Keller Group has a twelve month low of GBX 672 ($8.59) and a twelve month high of GBX 1,614 ($20.63). The company has a market cap of £1.15 billion, a price-to-earnings ratio of 1,307.44, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16.

Keller Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 15th will be given a dividend of GBX 16.60 ($0.21) per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 15th. Keller Group’s dividend payout ratio is presently 3,719.01%.

Insider Transactions at Keller Group

In other Keller Group news, insider Kerry Porritt purchased 330 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were bought at an average price of GBX 1,260 ($16.10) per share, for a total transaction of £4,158 ($5,313.74). Company insiders own 4.11% of the company’s stock.

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.