Keller Group (LON:KLR) Share Price Breaks Above 200 Day Moving Average – Here’s What Happened

Keller Group plc (LON:KLR)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 2,810.27 and traded as high as GBX 3,238. Keller Group shares last traded at GBX 3,064, with a volume of 106,759 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on KLR. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 3,150 price objective on shares of Keller Group in a research note on Wednesday, August 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,450 target price on shares of Keller Group in a research note on Thursday, October 15th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 2,910 target price on shares of Keller Group in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Keller Group has an average rating of “Moderate Buy” and an average price target of GBX 2,945.

Keller Group Stock Performance

The stock has a market cap of £2.10 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 2.86 and a beta of 0.98. The company has a debt-to-equity ratio of 48.00, a current ratio of 1.42 and a quick ratio of 1.17. The stock’s 50 day simple moving average is GBX 3,116.80 and its two-hundred day simple moving average is GBX 2,812.37.

Keller Group (LON:KLR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 115.10 earnings per share (EPS) for the quarter. Keller Group had a net margin of 4.81% and a return on equity of 24.09%. As a group, research analysts forecast that Keller Group plc will post 192.59 EPS for the current year.

Insider Activity at Keller Group

In other news, insider Stephen King purchased 6,500 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of GBX 3,062 per share, for a total transaction of £199,030. 3.25% 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.