Keller Group (LON:KLR) Sets New 12-Month High at $1,616.00

Keller Group plc (LON:KLR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,616 ($20.63) and last traded at GBX 1,600 ($20.43), with a volume of 128140 shares changing hands. The stock had previously closed at GBX 1,590 ($20.30).

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on Keller Group from GBX 1,500 ($19.15) to GBX 1,750 ($22.34) and gave the stock a “buy” rating in a research report on Tuesday, August 6th.

Keller Group Stock Up 1.8 %

The company has a market cap of £1.17 billion, a P/E ratio of 1,337.19, 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 fifty day moving average price of GBX 1,366.06 and a 200 day moving average price of GBX 1,159.07.

Keller Group Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Kerry Porritt acquired 330 shares of Keller Group stock in a transaction on Wednesday, July 3rd. The shares were purchased at an average price of GBX 1,260 ($16.09) per share, with a total value of £4,158 ($5,308.99). Insiders own 4.11% of the company’s stock.

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.