Keller Group (LON:KLR) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Keller Group shares crossed above their 200-day moving average, trading as high as GBX 3,124 and last changing hands at GBX 3,118, well above the GBX 2,408.68 average.
• Analyst sentiment is positive but mixed: the consensus rating is “Moderate Buy”, with a GBX 2,907.50 target price; Berenberg raised its target to GBX 3,300, while Deutsche Bank maintained a “Hold” rating.
• The company reported quarterly EPS of GBX 115.10, a 4.81% net margin and 24.09% return on equity. Insider Stephen King also bought 6,500 shares worth approximately £199,030.

Keller Group plc (LON:KLR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,408.68 and traded as high as GBX 3,124. Keller Group shares last traded at GBX 3,118, with a volume of 81,390 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Berenberg Bank boosted their price target on shares of Keller Group from GBX 3,150 to GBX 3,300 and gave the company a "buy" rating in a report on Tuesday, August 4th. Peel Hunt reiterated a "buy" rating and set a GBX 2,910 price objective on shares of Keller Group in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 3,150 price objective on shares of Keller Group in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 2,907.50.

Keller Group Stock Performance

The stock has a market cap of £2.12 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The firm's 50-day moving average is GBX 2,959.16 and its two-hundred day moving average is GBX 2,408.68. The company has a quick ratio of 1.17, a current ratio of 1.42 and a debt-to-equity ratio of 48.00.

Keller Group (LON:KLR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported GBX 115.10 earnings per share (EPS) for the quarter. Keller Group had a net margin of 4.81% and a return on equity of 24.09%. As a group, research analysts expect that Keller Group plc will post 192.5925926 EPS for the current year.

Insider Buying and Selling at Keller Group

In other Keller Group news, insider Stephen King acquired 6,500 shares of Keller Group stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of GBX 3,062 per share, with a total value of £199,030. Corporate insiders own 3.22% of the company's stock.

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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