Royal Bank Of Canada Issues Positive Forecast for Keller Group (LON:KLR) Stock Price

Keller Group (LON:KLR) had its target price boosted by Royal Bank Of Canada from GBX 2,050 to GBX 2,270 in a research report sent to investors on Tuesday,Digital Look reports. The firm currently has a sector perform rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft upped their price target on Keller Group from GBX 1,660 to GBX 2,200 and gave the company a “hold” rating in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,155.

Keller Group Price Performance

LON KLR opened at GBX 2,178 on Tuesday. The stock has a market capitalization of £1.51 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.86 and a beta of 1.04. Keller Group has a 1 year low of GBX 1,238 and a 1 year high of GBX 2,250. The business’s fifty day moving average is GBX 2,021.05 and its two-hundred day moving average is GBX 1,757.41. The company has a debt-to-equity ratio of 48.39, a quick ratio of 1.17 and a current ratio of 1.44.

Keller Group (LON:KLR) last posted 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%. On average, research analysts forecast that Keller Group will post 192.5925926 earnings per share for the current fiscal year.

Keller Group announced that its Board of Directors has initiated a stock repurchase plan on Monday, March 30th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Keller Group

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