Keller Group (LON:KLR) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Keller Group's stock crossed above its 200-day moving average, trading as high as GBX 2,222 (last GBX 2,220) versus the 200‑day MA of GBX 1,805 with volume of 192,029 shares.
• Analysts have raised targets—Royal Bank of Canada to GBX 2,270 and Deutsche Bank to GBX 2,200—leaving a MarketBeat consensus of "Moderate Buy" and an average price target of GBX 2,155.
• The company has a market cap of £1.54bn, a P/E of 11.17 and ROE of 23.46%, announced a share repurchase program (report lists authorization for 0 shares), and an insider sold 44,212 shares on March 23rd.

Keller Group plc (LON:KLR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,805.24 and traded as high as GBX 2,222. Keller Group shares last traded at GBX 2,220, with a volume of 192,029 shares.

Analyst Upgrades and Downgrades

KLR has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Keller Group from GBX 2,050 to GBX 2,270 and gave the stock a "sector perform" rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the company a "hold" rating in a research note on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 2,155.

Keller Group Stock Performance

The company's 50-day moving average price is GBX 2,081.24 and its two-hundred day moving average price is GBX 1,805.24. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 2.86 and a beta of 0.99. The company has a debt-to-equity ratio of 48.39, a current ratio of 1.44 and a quick ratio of 1.17.

Keller Group (LON:KLR - Get Free Report) last announced 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%. On average, equities research analysts anticipate that Keller Group plc will post 192.5925926 EPS for the current fiscal year.

Keller Group announced that its board has approved a share repurchase program on Monday, March 30th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider David Burke sold 44,212 shares of the company's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 2,023, for a total transaction of £894,408.76. Company insiders own 3.18% 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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