Keller Group (LON:KLR) Given "Buy" Rating at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “buy” rating on Keller Group and set a GBX 3,450 price target, implying 13.56% potential upside from the reported GBX 3,038 share price.
• Analyst sentiment remains positive overall, with Keller Group holding a consensus “Moderate Buy” rating and an average target price of GBX 2,945.
• The stock opened down 1.7%, while insider Stephen King purchased 6,500 shares worth approximately £199,030 at an average price of GBX 3,062.

Keller Group (LON:KLR - Get Free Report)'s stock had its "buy" rating reissued by analysts at Berenberg Bank in a research report issued on Thursday, Digital Look reports. They presently have a GBX 3,450 price objective on the stock. Berenberg Bank's target price would indicate a potential upside of 13.56% from the stock's current price.

Several other equities research analysts have also recently issued reports on KLR. Peel Hunt restated a "buy" rating and set a GBX 2,910 price objective on shares of Keller Group in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 3,150 target price on shares of Keller Group in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,945.

Keller Group Stock Down 1.7%

Shares of LON KLR opened at GBX 3,038 on Thursday. The firm has a market cap of £2.05 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 2.86 and a beta of 0.98. The company has a debt-to-equity ratio of 48.00, a quick ratio of 1.17 and a current ratio of 1.42. Keller Group has a 1 year low of GBX 1,404 and a 1 year high of GBX 3,518. The firm's 50 day moving average price is GBX 3,111.38 and its 200 day moving average price is GBX 2,760.60.

Keller Group (LON:KLR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported GBX 115.10 earnings per share for the quarter. Keller Group had a return on equity of 24.09% and a net margin of 4.81%. As a group, sell-side analysts anticipate that Keller Group will post 192.59 earnings per share for the current year.

Insider Buying and Selling at Keller Group

In related news, insider Stephen King bought 6,500 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average cost of GBX 3,062 per share, with a total value of £199,030. 3.25% of the stock is currently owned by 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.

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