Keller Group (LON:KLR) Shares Pass Above 200 Day Moving Average – What’s Next?

Keller Group plc (LON:KLR)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,643.66 and traded as high as GBX 2,170. Keller Group shares last traded at GBX 2,165, with a volume of 126,956 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have commented on KLR shares. Deutsche Bank Aktiengesellschaft raised their target price on Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,900 price target on shares of Keller Group in a research report on Thursday, November 13th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 2,250 price target on shares of Keller Group in a report on Thursday, November 13th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Keller Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,116.67.

Keller Group Price Performance

The company has a market capitalization of £1.49 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.86 and a beta of 1.04. The company has a quick ratio of 1.17, a current ratio of 1.44 and a debt-to-equity ratio of 48.39. The firm’s 50-day moving average is GBX 1,879.54 and its 200-day moving average is GBX 1,643.66.

Keller Group (LON:KLR) last released its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 215.20 earnings per share for the quarter. Keller Group had a return on equity of 23.46% and a net margin of 4.62%. Equities analysts predict that Keller Group plc will post 192.5925926 earnings per share for the current fiscal 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. It also provides solutions, such as bearing capacity improvement, low carbon construction, containment, excavation support, stabilisation, marine structures, seepage control, slope stabilization, and monitoring.