Keller Group (LON:KLR) to Buyback 0 Shares

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 reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Keller Group Stock Up 2.9%

KLR stock opened at GBX 1,977 on Thursday. The firm has a 50-day moving average price of GBX 1,966.55 and a 200-day moving average price of GBX 1,712.68. Keller Group has a 12 month low of GBX 1,222 and a 12 month high of GBX 2,250. The company has a current ratio of 1.44, a quick ratio of 1.17 and a debt-to-equity ratio of 48.39. The stock has a market capitalization of £1.36 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 2.86 and a beta of 1.04.

Keller Group (LON:KLR) last announced 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 net margin of 4.62% and a return on equity of 23.46%. As a group, equities research analysts anticipate that Keller Group will post 192.5925926 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Keller Group

In other news, insider David Burke sold 44,212 shares of the company’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. Insiders own 3.18% of the company’s stock.

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.