Keller Group (LON:KLR) Sets New 12-Month High – What’s Next?

Keller Group plc (LON:KLR)’s share price reached a new 52-week high on Thursday . The company traded as high as GBX 2,712 and last traded at GBX 2,682, with a volume of 127713 shares trading hands. The stock had previously closed at GBX 2,688.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KLR. Berenberg Bank upped their price objective on Keller Group from GBX 2,350 to GBX 2,550 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft raised their target price on Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a report on Thursday, March 5th. Finally, Royal Bank Of Canada upped their price target 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. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,317.50.

Keller Group Stock Performance

The stock’s 50-day moving average price is GBX 2,328.73 and its 200-day moving average price is GBX 2,009.68. The company has a market capitalization of £1.84 billion, a price-to-earnings ratio of 13.50, a P/E/G 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.

Keller Group announced that its board has authorized a share repurchase program on Monday, March 30th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider David Burke sold 44,212 shares of Keller Group stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total transaction of £894,408.76. 3.20% of the stock is owned by 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.