Berenberg Bank Reaffirms Buy Rating for Keller Group (LON:KLR)

Berenberg Bank reissued their buy rating on shares of Keller Group (LON:KLR) in a report released on Wednesday, Digital Look reports. The firm currently has a GBX 1,300 ($16.45) price objective on the stock.

Keller Group Stock Performance

LON KLR opened at GBX 1,068.02 ($13.52) on Wednesday. The company has a market capitalization of £777.30 million, a price-to-earnings ratio of 890.02, a PEG ratio of 2.86 and a beta of 1.16. Keller Group has a twelve month low of GBX 618.80 ($7.83) and a twelve month high of GBX 1,108 ($14.02). The stock has a fifty day simple moving average of GBX 946.85 and a 200 day simple moving average of GBX 855.10. The company has a quick ratio of 1.17, a current ratio of 1.33 and a debt-to-equity ratio of 75.04.

Keller Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 30th will be issued a dividend of GBX 31.30 ($0.40) per share. This is an increase from Keller Group’s previous dividend of $13.90. This represents a yield of 3.58%. The ex-dividend date is Thursday, May 30th. Keller Group’s dividend payout ratio (DPR) is presently 3,750.00%.

Insiders Place Their Bets

In other Keller Group news, insider Kerry Porritt sold 10,783 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of GBX 1,006 ($12.73), for a total transaction of £108,476.98 ($137,295.25). Company insiders own 4.24% of the company’s stock.

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. It also provides solutions, such as bearing capacity improvement, low carbon construction, containment, excavation support, stabilization, marine structures, seepage control, slope stabilization, and monitoring.