Keller Group (LON:KLR) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed its "buy" rating for Keller Group, setting a price target of GBX 1,900 ($25.25), implying a potential upside of 35.71% from the current price.
• In contrast, Deutsche Bank downgraded Keller Group to a "hold" rating with a revised target price of GBX 1,660 ($22.06), down from GBX 1,800 ($23.92).
• Keller Group's stock opened at GBX 1,400 ($18.61) and has a market cap of £1.02 billion, showcasing its significant presence in the geotechnical services sector across various regions.

Berenberg Bank reissued their buy rating on shares of Keller Group (LON:KLR - Free Report) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 1,900 ($25.55) price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft lowered Keller Group to a "hold" rating and cut their target price for the company from GBX 1,800 ($24.21) to GBX 1,660 ($22.33) in a research report on Thursday, July 3rd.

Keller Group Trading Up 0.3%

LON KLR traded up GBX 4 ($0.05) on Tuesday, reaching GBX 1,352 ($18.18). The stock had a trading volume of 102,945 shares, compared to its average volume of 306,631. The firm has a market capitalization of £985.23 million, a price-to-earnings ratio of 7.82, a P/E/G ratio of 2.86 and a beta of 1.34. The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of 71.61. Keller Group has a 12-month low of GBX 1,222 ($16.44) and a 12-month high of GBX 1,704 ($22.92). The stock has a fifty day moving average price of GBX 1,430.25 and a two-hundred day moving average price of GBX 1,412.87.

Keller Group (LON:KLR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported GBX 99.70 ($1.34) earnings per share (EPS) for the quarter. Keller Group had a return on equity of 23.55% and a net margin of 4.20%. As a group, sell-side analysts forecast that Keller Group will post 192.5925926 EPS for the current fiscal year.

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.