Keller Group (LON:KLR) Board of Directors Authorizes Stock Repurchase Program

Keller Group (LON:KLR) announced that its board has initiated a stock buyback program on Monday, March 30th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Keller Group Stock Performance

Keller Group stock opened at GBX 1,914 on Tuesday. The stock has a fifty day moving average price of GBX 1,956.22 and a 200 day moving average price of GBX 1,706.90. Keller Group has a 52 week low of GBX 1,222 and a 52 week high of GBX 2,250. The firm has a market capitalization of £1.32 billion, a P/E ratio of 10.05, a PEG ratio of 2.86 and a beta of 1.04. The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39.

Keller Group (LON:KLR) last issued its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 215.20 earnings per share (EPS) for the quarter. Keller Group had a return on equity of 23.46% and a net margin of 4.62%. Equities research analysts anticipate that Keller Group will post 192.5925926 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Keller Group from GBX 1,660 to GBX 2,200 and gave the stock a “hold” rating in a report on Thursday, March 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 2,116.67.

Insider Buying and Selling at Keller Group

In related news, insider David Burke sold 44,212 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of GBX 2,023, for a total value of £894,408.76. 3.18% of the stock is currently owned by insiders.

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.