Keller Group (LON:KLR) Cut to "Hold" at Deutsche Bank Aktiengesellschaft

Keller Group (LON:KLR - Get Free Report) was downgraded by analysts at Deutsche Bank Aktiengesellschaft to a "hold" rating in a research note issued on Thursday, Marketbeat reports. They currently have a GBX 1,660 ($22.67) price objective on the stock, down from their prior price objective of GBX 1,800 ($24.58). Deutsche Bank Aktiengesellschaft's price target points to a potential upside of 20.37% from the company's current price.

Keller Group Trading Down 3.8%

Shares of KLR opened at GBX 1,379.05 ($18.83) on Thursday. The stock's 50-day moving average price is GBX 1,501.51 and its 200 day moving average price is GBX 1,420.37. The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of 71.61. The firm has a market capitalization of £1.00 billion, a price-to-earnings ratio of 7.98, a P/E/G ratio of 2.86 and a beta of 1.34. Keller Group has a 12-month low of GBX 1,222 ($16.69) and a 12-month high of GBX 1,704 ($23.27).

Keller Group declared that its Board of Directors has initiated a share repurchase plan on Monday, March 31st that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insider Activity at Keller Group

In related news, insider Kerry Porritt sold 13,756 shares of the company's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of GBX 1,396 ($19.06), for a total value of £192,033.76 ($262,233.73). Insiders own 4.19% 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.

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