Keller Group (LON:KLR) Rating Increased to Buy at Berenberg Bank

Keller Group (LON:KLR) was upgraded by Berenberg Bank to a “buy” rating in a note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a GBX 3,150 price target on the stock, up from their prior price target of GBX 2,550. Berenberg Bank’s target price suggests a potential downside of 5.12% from the company’s previous close.

Separately, Royal Bank Of Canada lifted 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 given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,467.50.

Keller Group Stock Performance

Shares of KLR stock opened at GBX 3,320 on Tuesday. 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 company has a 50 day moving average price of GBX 2,458.12 and a 200-day moving average price of GBX 2,104.51. Keller Group has a 52 week low of GBX 1,238 and a 52 week high of GBX 3,320. The firm has a market capitalization of £2.28 billion, a PE ratio of 16.71, a P/E/G ratio of 2.86 and a beta of 1.03.

Keller Group declared that its board has initiated a share repurchase program on Monday, March 30th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management 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.