Keller Group (LON:KLR) Stock Price Breaks Above Two Hundred Day Moving Average - Here's Why

Key Points

• Keller Group shares broke above their 200-day moving average of GBX 2,810.27, reaching GBX 3,238 before closing at GBX 3,064 on trading volume of 106,759 shares.
• Analyst sentiment is moderately positive: two analysts rate the stock “Buy” and two rate it “Hold,” producing a consensus “Moderate Buy” rating and an average price target of GBX 2,945.
• Fundamentally, Keller reported quarterly earnings of GBX 115.10 per share, with a 4.81% net margin and 24.09% return on equity; insider Stephen King also bought 6,500 shares worth approximately £199,030.

Keller Group plc (LON:KLR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of GBX 2,810.27 and traded as high as GBX 3,238. Keller Group shares last traded at GBX 3,064, with a volume of 106,759 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KLR shares. Peel Hunt reiterated a "buy" rating and issued a GBX 2,910 price target on shares of Keller Group in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 3,150 price objective on shares of Keller Group in a research report on Wednesday, August 5th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 3,450 price objective on shares of Keller Group in a report on Thursday, October 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of GBX 2,945.

Keller Group Price Performance

The business's fifty day moving average price is GBX 3,116.36 and its 200 day moving average price is GBX 2,810.27. The company has a quick ratio of 1.17, a current ratio of 1.42 and a debt-to-equity ratio of 48.00. The firm has a market capitalization of £2.06 billion, a PE ratio of 13.90, a PEG ratio of 2.86 and a beta of 0.98.

Keller Group (LON:KLR - Get Free Report) last posted 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%. On average, equities research analysts forecast that Keller Group plc will post 192.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Keller Group news, insider Stephen King acquired 6,500 shares of the stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of GBX 3,062 per share, with a total value of £199,030. Corporate 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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