Keller Group (LON:KLR) Sets New 52-Week High Following Dividend Announcement

Keller Group plc (LON:KLR)’s share price hit a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 1,594 ($20.37) and last traded at GBX 1,538 ($19.65), with a volume of 390316 shares changing hands. The stock had previously closed at GBX 1,378 ($17.61).

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on Keller Group from GBX 1,500 ($19.17) to GBX 1,750 ($22.36) and gave the stock a “buy” rating in a report on Tuesday.

Keller Group Stock Performance

The firm 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. The firm’s 50 day moving average is GBX 1,342.30 and its 200-day moving average is GBX 1,137.12. The company has a debt-to-equity ratio of 75.04, a quick ratio of 1.17 and a current ratio of 1.33.

Insider Activity at Keller Group

In other news, insider Kerry Porritt acquired 330 shares of Keller Group stock in a transaction dated Wednesday, July 3rd. The stock was acquired at an average cost of GBX 1,260 ($16.10) per share, for a total transaction of £4,158 ($5,313.74). 4.11% of the stock is 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.