Keller Group (LON:KLR) Stock Passes Above 200 Day Moving Average – Time to Sell?

Keller Group plc (LON:KLR)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,249.25 and traded as high as GBX 3,370. Keller Group shares last traded at GBX 3,370, with a volume of 69,417 shares traded.

Wall Street Analysts Forecast Growth

KLR has been the subject of several recent research reports. Royal Bank Of Canada boosted their target price on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the company a “sector perform” rating in a research note on Tuesday, April 14th. Berenberg Bank upgraded shares of Keller Group to a “buy” rating and raised their price target for the stock from GBX 2,550 to GBX 3,150 in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Keller Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,467.50.

Keller Group Price Performance

The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39. The business has a 50-day moving average price of GBX 2,733.75 and a two-hundred day moving average price of GBX 2,260.76. The firm has a market capitalization of £2.25 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 2.86 and a beta of 1.03.

Keller Group declared that its Board of Directors has approved a share buyback program on Monday, March 30th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.