Keller Group (LON:KLR) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Keller Group plc (LON:KLR) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,249.25 and traded as high as GBX 3,370. Keller Group shares last traded at GBX 3,370, with a volume of 69,417 shares traded.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLR. Royal Bank Of Canada upped their price target on Keller Group from GBX 2,050 to GBX 2,270 and gave the company a “sector perform” rating in a research report on Tuesday, April 14th. Berenberg Bank upgraded Keller Group to a “buy” rating and lifted their price objective for the stock from GBX 2,550 to GBX 3,150 in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Keller Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,467.50.

Keller Group Price Performance

The company has a debt-to-equity ratio of 48.39, a quick ratio of 1.17 and a current ratio of 1.44. The stock’s 50-day moving average is GBX 2,715.35 and its two-hundred day moving average is GBX 2,249.25. The stock has a market cap of £2.30 billion, a PE ratio of 16.96, a PEG ratio of 2.86 and a beta of 1.03.

Keller Group announced that its Board of Directors has authorized a share buyback plan on Monday, March 30th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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.