Keller Group (LON:KLR) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Keller Group plc (LON:KLR)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,178.57 and traded as high as GBX 3,460. Keller Group shares last traded at GBX 3,442, with a volume of 6,249,631 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KLR. Royal Bank Of Canada upped 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 report on Tuesday, April 14th. Berenberg Bank upgraded Keller Group to a “buy” rating and lifted their price target for the company from GBX 2,550 to GBX 3,150 in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Keller Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,467.50.

Keller Group Trading Down 0.1%

The company has a debt-to-equity ratio of 48.39, a quick ratio of 1.17 and a current ratio of 1.44. The firm has a market capitalization of £2.35 billion, a P/E ratio of 17.32, a PEG ratio of 2.86 and a beta of 1.03. The firm has a 50 day simple moving average of GBX 2,600.42 and a two-hundred day simple moving average of GBX 2,178.57.

Keller Group announced that its board has initiated a stock buyback program on Monday, March 30th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors 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.