Keller Group (LON:KLR) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Keller Group plc (LON:KLR) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,178.57 and traded as high as GBX 3,460. Keller Group shares last traded at GBX 3,442, with a volume of 6,249,631 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KLR shares. Berenberg Bank upgraded shares of Keller Group to a “buy” rating and increased their price target for the company from GBX 2,550 to GBX 3,150 in a report on Tuesday, July 7th. 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 report on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Keller Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,467.50.

Keller Group Stock Down 2.2%

The firm has a market cap of £2.25 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. 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 business has a 50-day moving average price of GBX 2,621.38 and a two-hundred day moving average price of GBX 2,190.71.

Keller Group announced that its Board of Directors has authorized a share repurchase plan on Monday, March 30th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.