Keller Group (LON:KLR) Stock Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Keller Group shares crossed above their 200-day moving average, reaching GBX 2,924 before last trading at GBX 2,884 on heavy volume of 16.9 million shares.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of GBX 2,907.50; ratings include two Buys and two Holds.
• The company reported quarterly EPS of GBX 115.10, a 4.81% net margin and 24.09% return on equity. Insider Stephen King also purchased 6,500 shares worth approximately £199,030.

Keller Group plc (LON:KLR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,455.36 and traded as high as GBX 2,924. Keller Group shares last traded at GBX 2,884, with a volume of 16,916,172 shares.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KLR. Peel Hunt reaffirmed a "buy" rating and set a GBX 2,910 price objective on shares of Keller Group in a research report on Tuesday, August 4th. Berenberg Bank boosted their target price on Keller Group from GBX 3,150 to GBX 3,300 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 3,150 price target on shares of Keller Group in a report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,907.50.

Keller Group Stock Down 0.2%

The business's 50 day moving average is GBX 3,014.31 and its 200-day moving average is GBX 2,455.36. The company has a debt-to-equity ratio of 48.00, a current ratio of 1.42 and a quick ratio of 1.17. The company has a market cap of £1.96 billion, a PE ratio of 14.51, a P/E/G ratio of 2.86 and a beta of 1.03.

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

Insiders Place Their Bets

In other Keller Group news, insider Stephen King purchased 6,500 shares of the business's stock in a transaction on Thursday, August 6th. The shares were bought at an average cost of GBX 3,062 per share, for a total transaction of £199,030. 3.22% of the stock is currently owned by corporate insiders.

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.

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