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

Key Points

• Keller Group shares crossed above their 200-day moving average, reaching GBX 2,971 and closing at GBX 2,960 on trading volume of approximately 2.02 million shares.
• Analyst sentiment is moderately bullish: the stock has an average rating of “Moderate Buy”, with a consensus price target of GBX 2,907.50; Berenberg raised its target to GBX 3,300 and maintained a Buy rating.
• Keller reported quarterly EPS of GBX 115.10, while insider Stephen King purchased 6,500 shares for approximately £199,030. The company has a 24.09% return on equity and a 4.81% net margin.

Shares of Keller Group plc (LON:KLR - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,559.64 and traded as high as GBX 2,971. Keller Group shares last traded at GBX 2,960, with a volume of 2,015,593 shares traded.

Wall Street Analyst Weigh In

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

Keller Group Price Performance

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 stock has a market cap of £2.00 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 2.86 and a beta of 1.03. The stock has a 50-day moving average price of GBX 3,104.05 and a two-hundred day moving average price of GBX 2,559.64.

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

Insider Transactions at Keller Group

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

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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