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

Key Points

• Keller Group's stock price has recently risen above its 200-day moving average, reaching a high of GBX 1,536 ($20.71).
• Analysts have issued positive ratings, including a "buy" rating from Deutsche Bank with a price target of GBX 1,660 and a target of GBX 1,900 from Berenberg Bank.
• The company reported earnings per share (EPS) of GBX 99.70 for the last quarter and has a current market capitalization of approximately £1.07 billion.

Keller Group plc (LON:KLR - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,415.99 ($19.09) and traded as high as GBX 1,536 ($20.71). Keller Group shares last traded at GBX 1,532 ($20.65), with a volume of 115,544 shares changing hands.

Wall Street Analysts Forecast Growth

KLR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upgraded Keller Group to a "buy" rating and set a GBX 1,660 price target on the stock in a research note on Friday, August 29th. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,900 price objective on shares of Keller Group in a research note on Tuesday, September 9th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Keller Group presently has an average rating of "Buy" and an average target price of GBX 1,780.

Keller Group Stock Performance

The firm has a market capitalization of £1.07 billion, a P/E ratio of 804.62, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34. The stock has a 50-day moving average of GBX 1,362.78 and a 200 day moving average of GBX 1,415.99. The company has a debt-to-equity ratio of 71.61, a quick ratio of 1.17 and a current ratio of 1.36.

Keller Group (LON:KLR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported GBX 99.70 earnings per share (EPS) for the quarter. Keller Group had a return on equity of 23.55% and a net margin of 4.20%. On average, research analysts anticipate 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.

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