Keller Group (LON:KLR) Sets New 52-Week High – Time to Buy?

Keller Group plc (LON:KLR)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 2,618 and last traded at GBX 2,602, with a volume of 18660 shares trading hands. The stock had previously closed at GBX 2,562.

Wall Street Analyst Weigh In

Several analysts have issued reports on KLR shares. Royal Bank Of Canada upped their price objective on Keller Group from GBX 2,050 to GBX 2,270 and gave the company a “sector perform” rating in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft increased their target price on Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Finally, Berenberg Bank increased their target price on Keller Group from GBX 2,350 to GBX 2,550 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 2,317.50.

Keller Group Stock Performance

The company has a market cap of £1.79 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.04. 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 stock has a 50 day moving average price of GBX 2,273.68 and a two-hundred day moving average price of GBX 1,979.22.

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

Insider Buying and Selling at Keller Group

In other news, insider David Burke sold 44,212 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total transaction of £894,408.76. Company insiders own 3.20% 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.