Keller Group (LON:KLR) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Keller Group plc (LON:KLR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,455.36 and traded as high as GBX 2,924. Keller Group shares last traded at GBX 2,884, with a volume of 16,916,172 shares changing hands.

Analysts Set New Price Targets

Several research firms recently commented on KLR. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,910 target price on shares of Keller Group in a report on Tuesday, August 4th. Berenberg Bank boosted 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 note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 3,150 price target on shares of Keller Group in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,907.50.

Keller Group Stock Down 0.2%

The company has a debt-to-equity ratio of 48.00, a current ratio of 1.42 and a quick ratio of 1.17. The company has a market capitalization of £1.96 billion, a P/E ratio of 14.51, a PEG ratio of 2.86 and a beta of 1.03. The company has a 50 day moving average of GBX 3,014.31 and a 200-day moving average of GBX 2,455.36.

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

Insider Buying and Selling at Keller Group

In other Keller Group news, insider Stephen King bought 6,500 shares of Keller Group stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of GBX 3,062 per share, with a total value of £199,030. Corporate insiders own 3.22% of the company’s stock.

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.