Keller Group (LON:KLR) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Keller Group (LON:KLR) to a hold rating in a report published on Thursday, Marketbeat reports. They currently have GBX 1,660 ($22.65) price objective on the stock, down from their prior price objective of GBX 1,800 ($24.56).

Keller Group Stock Down 1.3%

Keller Group stock opened at GBX 1,386 ($18.91) on Thursday. The company has a debt-to-equity ratio of 71.61, a quick ratio of 1.17 and a current ratio of 1.36. The stock has a market cap of £1.01 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34. Keller Group has a fifty-two week low of GBX 1,222 ($16.67) and a fifty-two week high of GBX 1,704 ($23.25). The firm’s 50-day simple moving average is GBX 1,503.03 and its 200 day simple moving average is GBX 1,418.90.

Keller Group declared that its board has authorized a share buyback plan on Monday, March 31st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Keller Group news, insider Kerry Porritt sold 13,756 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of GBX 1,396 ($19.05), for a total value of £192,033.76 ($262,019.05). 4.19% of the stock is currently owned by 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.