Deutsche Bank Aktiengesellschaft Downgrades Keller Group (LON:KLR) to Hold

Deutsche Bank Aktiengesellschaft lowered shares of Keller Group (LON:KLR) to a hold rating in a research report report published on Thursday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has GBX 1,660 ($22.66) price objective on the stock, down from their prior price objective of GBX 1,800 ($24.57).

Keller Group Trading Down 2.1%

Keller Group stock opened at GBX 1,404 ($19.17) on Thursday. The business has a 50 day moving average price of GBX 1,502.31 and a two-hundred day moving average price of GBX 1,419.53. The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of 71.61. Keller Group has a 12 month low of GBX 1,222 ($16.68) and a 12 month high of GBX 1,704 ($23.26). The stock has a market cap of £1.02 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34.

Keller Group declared that its Board of Directors has approved a stock repurchase program on Monday, March 31st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Keller Group news, insider Kerry Porritt sold 13,756 shares of the business’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of GBX 1,396 ($19.06), for a total value of £192,033.76 ($262,162.13). 4.19% of the stock is currently owned by company 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.