Keller Group (LON:KLR) Price Target Raised to GBX 2,270 at Royal Bank Of Canada

Key Points

• Analyst upgrades: Royal Bank of Canada raised its price target to GBX 2,270 (sector perform) and Deutsche Bank to GBX 2,200, with an average target of GBX 2,155 and a consensus rating of Moderate Buy, implying roughly a 4.4% upside from the current price.
• Keller shares traded around GBX 2,174 (up ~1%), with a 12‑month range of GBX 1,238–2,250, a market cap of £1.51bn and a PE ratio of 10.94.
• Corporate actions and insider activity: the board announced a share repurchase plan (the report unusually notes an authorization for 0 shares) and insider David Burke sold 44,212 shares for about £894k; insiders own 3.18% of the company.

Keller Group (LON:KLR - Get Free Report) had its price objective boosted by stock analysts at Royal Bank Of Canada from GBX 2,050 to GBX 2,270 in a research report issued on Tuesday,Digital Look reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target suggests a potential upside of 4.41% from the company's current price.

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on Keller Group from GBX 1,660 to GBX 2,200 and gave the company a "hold" rating in a research report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 2,155.

Keller Group Trading Up 1.0%

Shares of KLR stock opened at GBX 2,174.18 on Tuesday. Keller Group has a 12 month low of GBX 1,238 and a 12 month high of GBX 2,250. 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's 50 day moving average is GBX 2,013.93 and its two-hundred day moving average is GBX 1,752. The company has a market cap of £1.51 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 2.86 and a beta of 1.04.

Keller Group (LON:KLR - Get Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 215.20 EPS for the quarter. Keller Group had a return on equity of 23.46% and a net margin of 4.62%. Equities analysts predict that Keller Group will post 192.5925926 EPS for the current year.

Keller Group announced that its board has authorized a stock repurchase plan on Monday, March 30th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Keller Group

In other news, insider David Burke sold 44,212 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 2,023, for a total value of £894,408.76. Corporate insiders own 3.18% 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. It also provides solutions, such as bearing capacity improvement, low carbon construction, containment, excavation support, stabilisation, marine structures, seepage control, slope stabilization, and monitoring.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.