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

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. Royal Bank Of Canada raised their price objective on Keller Group from GBX 2,050 to GBX 2,270 and gave the stock a “sector perform” rating in a research note 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 note on Thursday, March 5th. Finally, Berenberg Bank raised their price objective 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 2,317.50.

Keller Group Stock Performance

The stock has a 50 day simple moving average of GBX 2,273.68 and a 200 day simple moving average of GBX 1,979.22. The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39. The stock 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.

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

Insider Activity

In other news, insider David Burke sold 44,212 shares of Keller Group stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total value of £894,408.76. 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.