Keller Group (LON:KLR) Hits New 52-Week High on Analyst Upgrade

Keller Group plc (LON:KLR) hit a new 52-week high during mid-day trading on Tuesday after Berenberg Bank upgraded the stock to a buy rating. Berenberg Bank now has a GBX 3,150 price target on the stock, up from their previous price target of GBX 2,550. Keller Group traded as high as GBX 3,320 and last traded at GBX 3,310, with a volume of 2327516 shares changing hands. The stock had previously closed at GBX 2,682.

Separately, Royal Bank Of Canada increased their target price on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the stock a “sector perform” rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,467.50.

Keller Group Trading Up 23.8%

The company has a debt-to-equity ratio of 48.39, a current ratio of 1.44 and a quick ratio of 1.17. The company has a market cap of £2.28 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The business has a 50 day simple moving average of GBX 2,458.12 and a 200 day simple moving average of GBX 2,104.51.

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