Keller Group (LON:KLR) Hits New 12-Month High – Time to Buy?

Keller Group plc (LON:KLR)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 2,460 and last traded at GBX 2,412, with a volume of 745697 shares trading hands. The stock had previously closed at GBX 2,420.

Wall Street Analysts Forecast Growth

KLR has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their target price on 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. 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 note on Thursday, March 5th. Finally, 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 note on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,317.50.

Keller Group Stock Down 0.1%

The company has a market cap of £1.67 billion, a P/E ratio of 12.17, a P/E/G ratio of 2.86 and a beta of 1.03. 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 2,227.38 and its 200 day moving average is GBX 1,948.53.

Keller Group declared that its Board of Directors has approved a share repurchase program on Monday, March 30th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Keller Group

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

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.