Berenberg Bank Issues Positive Forecast for Keller Group (LON:KLR) Stock Price

Keller Group (LON:KLR) had its price objective lifted by analysts at Berenberg Bank from GBX 2,350 to GBX 2,550 in a note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 12.24% from the company’s current price.

Several other research analysts have also recently commented on KLR. 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 report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a “hold” rating in a research report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,317.50.

Keller Group Stock Performance

Shares of LON KLR opened at GBX 2,272 on Wednesday. Keller Group has a 52 week low of GBX 1,238 and a 52 week high of GBX 2,446. The stock has a market capitalization of £1.57 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The stock has a 50 day moving average price of GBX 2,147.75 and a 200 day moving average price of GBX 1,874.43. The company has a debt-to-equity ratio of 48.39, a quick ratio of 1.17 and a current ratio of 1.44.

Keller Group (LON:KLR) last issued its earnings results on Tuesday, March 3rd. The company reported GBX 215.20 earnings per share (EPS) for the quarter. Keller Group had a net margin of 4.62% and a return on equity of 23.46%. Analysts predict that Keller Group will post 192.5925926 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In related news, insider David Burke sold 44,212 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 2,023, for a total value of £894,408.76. 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.