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

Key Points

• Keller Group shares rose above their 200-day moving average, reaching GBX 3,039.41 and closing at GBX 3,030, up 0.7%. The 200-day average stood at GBX 2,515.07.
• Analyst sentiment remains positive but mixed: Keller has a consensus rating of “Moderate Buy”, with price targets ranging from GBX 2,910 to GBX 3,300 and an average target of GBX 2,907.50.
• Insider Stephen King bought 6,500 shares for approximately £199,030. The company reported quarterly EPS of GBX 115.10, with a 24.09% return on equity and a 4.81% net margin.

Keller Group plc (LON:KLR - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,515.07 and traded as high as GBX 3,039.41. Keller Group shares last traded at GBX 3,030, with a volume of 108,199 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 3,150 price target on shares of Keller Group in a report on Wednesday, August 5th. Peel Hunt restated a "buy" rating and issued a GBX 2,910 price objective on shares of Keller Group in a report on Tuesday, August 4th. Finally, Berenberg Bank raised their target price on Keller Group from GBX 3,150 to GBX 3,300 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Keller Group has an average rating of "Moderate Buy" and a consensus price target of GBX 2,907.50.

Keller Group Trading Up 0.7%

The company has a debt-to-equity ratio of 48.00, a quick ratio of 1.17 and a current ratio of 1.42. The firm's fifty day simple moving average is GBX 3,060.12 and its 200-day simple moving average is GBX 2,515.07. The stock has a market cap of £2.06 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03.

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

Insider Buying and Selling at Keller Group

In related news, insider Stephen King acquired 6,500 shares of the stock in a transaction dated Thursday, August 6th. The stock was purchased at an average cost of GBX 3,062 per share, with a total value of £199,030. 3.22% of the stock is owned by corporate insiders.

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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