Keller Group (LON:KLR) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Keller Group plc (LON:KLR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,908.10 and traded as high as GBX 2,394. Keller Group shares last traded at GBX 2,373.90, with a volume of 123,418 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KLR. Berenberg Bank lifted their price target on shares of Keller Group from GBX 2,350 to GBX 2,550 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the company a “sector perform” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,317.50.

Keller Group Trading Down 0.2%

The company has a quick ratio of 1.17, a current ratio of 1.44 and a debt-to-equity ratio of 48.39. The business’s 50 day moving average is GBX 2,176.81 and its 200-day moving average is GBX 1,908.10. The firm has a market cap of £1.64 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03.

Keller Group (LON:KLR) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 215.20 earnings per share (EPS) for the quarter. Keller Group had a net margin of 4.62% and a return on equity of 23.46%. As a group, analysts forecast that Keller Group plc will post 192.5925926 earnings per share for the current fiscal year.

Keller Group announced that its board has authorized a stock repurchase plan on Monday, March 30th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Keller Group news, insider David Burke sold 44,212 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 2,023, for a total transaction of £894,408.76. 3.18% of the stock is currently owned by insiders.

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.