Keller Group (LON:KLR) Stock Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Keller Group shares rose above their 200-day moving average, reaching GBX 3,330 and last trading at GBX 3,306, up 1.0% with 196,064 shares traded.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy”; Berenberg raised its target to GBX 3,300, while the consensus price target is GBX 2,907.50.
• Keller reported quarterly EPS of GBX 115.10, alongside a 24.09% return on equity and 4.81% net margin. Insider Stephen King also purchased 6,500 shares for approximately £199,030.

Shares of Keller Group plc (LON:KLR - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 2,645.01 and traded as high as GBX 3,330. Keller Group shares last traded at GBX 3,306, with a volume of 196,064 shares traded.

Analysts Set New Price Targets

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

Keller Group Trading Up 1.0%

The stock has a market capitalization of £2.24 billion, a P/E ratio of 14.99, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a current ratio of 1.42, a quick ratio of 1.17 and a debt-to-equity ratio of 48.00. The business has a 50-day moving average price of GBX 3,085.95 and a two-hundred day moving average price of GBX 2,645.01.

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

Insider Activity at Keller Group

In other news, insider Stephen King bought 6,500 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of GBX 3,062 per share, for a total transaction of £199,030. Insiders own 3.25% of the company's stock.

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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