Keller Group (LON:KLR) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Keller Group plc (LON:KLR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,249.25 and traded as high as GBX 3,370. Keller Group shares last traded at GBX 3,370, with a volume of 69,417 shares.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KLR shares. Berenberg Bank upgraded Keller Group to a “buy” rating and raised their price target for the stock from GBX 2,550 to GBX 3,150 in a research note on Tuesday, July 7th. Royal Bank Of Canada raised 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 stock. Based on data from MarketBeat, Keller Group has a consensus rating of “Moderate Buy” and an average price target of GBX 2,467.50.

Keller Group Stock Up 1.3%

The firm has a market capitalization of £2.30 billion, a PE ratio of 16.96, a PEG ratio of 2.86 and a beta of 1.03. The business’s fifty day moving average price is GBX 2,715.35 and its 200 day moving average price is GBX 2,249.25. The company has a quick ratio of 1.17, a current ratio of 1.44 and a debt-to-equity ratio of 48.39.

Keller Group declared that its Board of Directors has initiated a share repurchase program on Monday, March 30th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.