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

Key Points

• Shares crossed above its 200-day moving average (200‑day MA GBX 1,674.69) on Friday, trading as high as GBX 2,075 and last at GBX 1,966 on volume of about 1.3 million shares.
• Deutsche Bank raised its price target to GBX 2,200 (from GBX 1,660) and gave a "hold" rating, while the consensus from analysts is a Moderate Buy with an average target of GBX 2,116.67.
• Key fundamentals: market cap £1.36bn, P/E 10.33, reported quarterly EPS GBX 215.20 and a return on equity of 23.46%, indicating solid profitability metrics.

Shares of Keller Group plc (LON:KLR - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,674.69 and traded as high as GBX 2,075. Keller Group shares last traded at GBX 1,966, with a volume of 1,296,492 shares trading hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a "hold" rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,116.67.

Keller Group Price Performance

The company has a debt-to-equity ratio of 48.39, a quick ratio of 1.17 and a current ratio of 1.44. The company has a market capitalization of £1.36 billion, a PE ratio of 10.33, a P/E/G ratio of 2.86 and a beta of 1.04. The stock has a 50 day moving average price of GBX 1,924.66 and a two-hundred day moving average price of GBX 1,674.69.

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