Keller Group’s (KLR) “Buy” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Keller Group (LON:KLR) in a report published on Wednesday morning, MarketBeat reports. The brokerage currently has a GBX 1,300 ($16.45) price objective on the stock.

Keller Group Stock Up 3.4 %

Shares of Keller Group stock opened at GBX 1,106 ($14.00) on Wednesday. The firm’s 50 day moving average price is GBX 955.69 and its 200-day moving average price is GBX 858.87. The company has a quick ratio of 1.17, a current ratio of 1.33 and a debt-to-equity ratio of 75.04. Keller Group has a 52-week low of GBX 618.80 ($7.83) and a 52-week high of GBX 1,108 ($14.02). The company has a market cap of £804.95 million, a P/E ratio of 921.67, a PEG ratio of 2.86 and a beta of 1.16.

Keller Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a dividend of GBX 31.30 ($0.40) per share. The ex-dividend date of this dividend is Thursday, May 30th. This is an increase from Keller Group’s previous dividend of $13.90. This represents a dividend yield of 3.58%. Keller Group’s dividend payout ratio is presently 3,750.00%.

Insider Activity

In related news, insider Kerry Porritt sold 10,783 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 1,006 ($12.73), for a total transaction of £108,476.98 ($137,295.25). Company insiders own 4.24% 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. It also provides solutions, such as bearing capacity improvement, low carbon construction, containment, excavation support, stabilization, marine structures, seepage control, slope stabilization, and monitoring.