Liberum Capital Increases Keller Group (KLR) Price Target to GBX 1,500

Keller Group (LON:KLR) had its target price raised by Liberum Capital from GBX 1,350 ($17.64) to GBX 1,500 ($19.60) in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s price target would suggest a potential upside of 127.62% from the stock’s previous close.

Several other equities analysts have also weighed in on KLR. Peel Hunt reaffirmed a “buy” rating on shares of Keller Group in a research note on Wednesday, July 18th. Numis Securities lifted their price objective on Keller Group from GBX 1,000 ($13.07) to GBX 1,190 ($15.55) and gave the company a “hold” rating in a research note on Monday, July 30th. Finally, Berenberg Bank lifted their price objective on Keller Group from GBX 925 ($12.09) to GBX 1,150 ($15.03) and gave the company a “hold” rating in a research note on Wednesday, August 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Keller Group has a consensus rating of “Hold” and a consensus price target of GBX 1,256 ($16.41).

LON KLR opened at GBX 659 ($8.61) on Thursday. Keller Group has a 1-year low of GBX 790 ($10.32) and a 1-year high of GBX 1,072 ($14.01).

Keller Group (LON:KLR) last released its quarterly earnings data on Monday, July 30th. The company reported GBX 41 ($0.54) earnings per share for the quarter, beating the consensus estimate of GBX 32.90 ($0.43) by GBX 8.10 ($0.11). Keller Group had a return on equity of 18.87% and a net margin of 4.21%.

In related news, insider Venu Raju purchased 5,000 shares of Keller Group stock in a transaction that occurred on Wednesday, August 8th. The shares were purchased at an average cost of GBX 1,054 ($13.77) per share, with a total value of £52,700 ($68,861.88).

Keller Group Company Profile

Keller Group plc provides geotechnical solutions in North America, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers ground improvement services to prepare the ground for new construction projects and to reduce the risk of liquefaction in the areas of seismic activity; and grouting services, which enhance target areas in the ground, and controls ground water flow through rocks and soils by reducing their permeability.

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