Keller Group (LON:KLR) Given New GBX 1,750 Price Target at Berenberg Bank

Keller Group (LON:KLR) had its price target increased by Berenberg Bank from GBX 1,500 ($19.17) to GBX 1,750 ($22.36) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Keller Group Trading Up 2.7 %

KLR stock traded up GBX 42 ($0.54) during trading on Tuesday, hitting GBX 1,580 ($20.19). The company had a trading volume of 168,852 shares, compared to its average volume of 169,053. The stock has a market cap of £1.14 billion, a price-to-earnings ratio of 1,305.79, a PEG ratio of 2.86 and a beta of 1.16. The company has a quick ratio of 1.17, a current ratio of 1.33 and a debt-to-equity ratio of 75.04. The firm has a 50-day moving average price of GBX 1,347.54 and a 200-day moving average price of GBX 1,140.20. Keller Group has a 12 month low of GBX 672 ($8.59) and a 12 month high of GBX 1,614 ($20.63).

Keller Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 15th will be issued a GBX 16.60 ($0.21) dividend. This represents a yield of 1.2%. The ex-dividend date is Thursday, August 15th. Keller Group’s dividend payout ratio is 3,719.01%.

Insider Transactions at Keller Group

In other news, insider Kerry Porritt acquired 330 shares of Keller Group stock in a transaction that occurred on Wednesday, July 3rd. The shares were acquired at an average price of GBX 1,260 ($16.10) per share, with a total value of £4,158 ($5,313.74). 4.11% of the stock is owned by corporate 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.