Published On: Mon, Sep 12th, 2016

Peel Hunt Downgrades Keller Group plc (KLR) to Add

Keller Group plc (LON:KLR) was downgraded by stock analysts at Peel Hunt to an “add” rating in a report released on Monday. They currently have a GBX 1,140 ($15.18) price objective on the stock, down from their previous price objective of GBX 1,230 ($16.38). Peel Hunt’s price target suggests a potential upside of 23.78% from the company’s current price.
Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 950 ($12.65) target price on shares of Keller Group plc in a research note on Tuesday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Keller Group plc has a consensus rating of “Hold” and a consensus target price of GBX 1,208 ($16.09).
Keller Group plc (LON:KLR) traded down 2.591222% during trading on Monday, reaching GBX 932.612244. 71,841 shares of the company traded hands. The firm’s 50 day moving average price is GBX 918.25 and its 200 day moving average price is GBX 892.48. Keller Group plc has a 12-month low of GBX 720.50 and a 12-month high of GBX 1,044.00. The firm’s market capitalization is GBX 669.61 million.

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The business also recently disclosed a dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 1st will be given a dividend of GBX 9.25 ($0.12) per share. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, September 1st.
In other news, insider Hind,James sold 12,515 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of GBX 870 ($11.59), for a total transaction of £108,880.50 ($145,019.31).
Keller Group plc Company Profile
Keller Group plc is a United Kingdom-based independent ground engineering specialist engaged in providing foundation solutions. The Company operates through four segments: North America; Europe, Middle East and Africa (EMEA); Asia, and Australia. Its product categories include Piling and earth retention, which includes a range of systems, including diaphragm walls and marine piles; Ground improvement, which includes techniques that are used to prepare the ground for new construction projects; Anchors, nails and minipiles, which provides temporary or permanent solutions for a range of stability or support problems; Specialty grouting, which controls ground water flow through rocks and soils, and Post-tension concrete, which are used to reinforce concrete foundations and structural spans.

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