Berenberg Bank Reiterates "Buy" Rating for Keller Group (LON:KLR)

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 reiterated their buy rating on shares of Keller Group (LON:KLR - Free Report) in a research report released on Tuesday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 1,900 ($25.55) price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Keller Group to a "hold" rating and lowered their price target for the company from GBX 1,800 ($24.21) to GBX 1,660 ($22.32) in a report on Thursday, July 3rd.

Keller Group Price Performance

LON KLR traded down GBX 4 ($0.05) on Tuesday, hitting GBX 1,348 ($18.13). The stock had a trading volume of 91,305 shares, compared to its average volume of 307,971. The firm has a 50-day moving average of GBX 1,433.97 and a 200-day moving average of GBX 1,413.06. The company has a debt-to-equity ratio of 71.61, a quick ratio of 1.17 and a current ratio of 1.36. Keller Group has a 52-week low of GBX 1,222 ($16.43) and a 52-week high of GBX 1,704 ($22.92). The company has a market capitalization of £982.31 million, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34.

Keller Group (LON:KLR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported GBX 99.70 ($1.34) EPS for the quarter. Keller Group had a net margin of 4.20% and a return on equity of 23.55%. Equities analysts expect that Keller Group will post 192.5925926 EPS for the current year.

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.