Keller Group (LON:KLR) to Buyback 0 Shares

Keller Group (LON:KLR) announced that its board has initiated a stock buyback program on Monday, March 30th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a “hold” rating in a report on Thursday, March 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 2,116.67.

Keller Group Stock Performance

LON KLR traded down GBX 28.01 during trading on Monday, hitting GBX 1,914. The company’s stock had a trading volume of 234,287 shares, compared to its average volume of 1,436,667. Keller Group has a 52 week low of GBX 1,222 and a 52 week high of GBX 2,250. The firm has a market cap of £1.32 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 2.86 and a beta of 1.04. The firm has a 50 day moving average price of GBX 1,956.22 and a 200 day moving average price of GBX 1,706.90. 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 (LON:KLR) last announced its quarterly earnings data 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%. Equities research analysts forecast that Keller Group will post 192.5925926 earnings per share for the current fiscal year.

Insider Transactions at Keller Group

In other news, insider David Burke sold 44,212 shares of Keller Group 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. 3.18% of the stock is owned by corporate insiders.

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.