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Pin to quick picksKeller Share News (KLR)

Share Price Information for Keller (KLR)

London Stock Exchange
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Share Price: 1,272.00
Bid: 1,282.00
Ask: 1,286.00
Change: -18.00 (-1.40%)
Spread: 4.00 (0.312%)
Open: 1,290.00
High: 1,306.00
Low: 1,272.00
Prev. Close: 1,290.00
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Countryside is star buy for Jefferies in upbeat housebuilders report

Tue, 02nd Apr 2019 08:38

(Sharecast News) - Countryside is the star share among UK housebuilders, Jefferies said as it started coverage of the industry with an upbeat report. Jefferies rated six British builders 'buy' and five 'hold' with no 'sell' ratings. As well as Countryside, analyst Glynis Johnson and her team recommended buying Barratt Developments, Bellway, McCarthy & Stone, Taylor Wimpey and Watkin Jones."We initiate with a positive stance on UK housebuilders, and our key pick in the sub-sector is Countryside," Johnson wrote in a report.Countryside's share price has outperformed peers since its listing but there is more good news to come, the analysts said.The company's partnership business, which works with local authorities or housing associations to build affordable homes, is its best performing division and is undervalued by the market, they said. Countryside could decide to sell or split off its housebuilding business, which shareholders effectively get for free at the company's current valuation, they added."We believe this partnership business remains underestimated both in terms of its less cyclical customer demand profile, growth potential and ROCE (return on capital) contribution," Johnson wrote.Jefferies gave 'hold' ratings to Berkeley Group, Bovis, Crest Nicholson, Persimmon and Redrow.Among building distributors, Ferguson is the top pick at 'buy' with SIG and Travis Perkins rated 'hold'. Contractors Keller and Morgan Sindall are rated 'buy' and Kier is a 'hold'.Investors should stick with shares of estate agents Countrywide and LSL, both rated 'hold', the analysts said.
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Thursday broker round-up

(ShareCast News) - ITV: Jefferies reiterates buy with a target price of 310p, Exane BNP Paribas keeps at neutral with a target of 250p, UBS stays at sell. 230P target and Nomura reiterates buy with a target price of 320p. Intertek: Deutsche Bank reiterates hold with a target price of 2700p and JP Mo

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BROKER RATINGS SUMMARY: Goldman Sachs Cuts Imperial Brands To Neutral

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29 Feb 2016 10:41

WINNERS & LOSERS SUMMARY: Mixed Fortunes For Morrisons And Ocado

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29 Feb 2016 09:04

BUZZ-Keller: 3rd top midcap gainer after small FY beat

** Keller Group, a ground engineering contractor, +3 pct in hefty volumes & 3rd top FTSE midcap gainer after small beat in FY2015 results ** Helped by strong performance in U.S., FY PBT before exceptional items +12 pct to 95.7 mln stg (vs consensus of 93.5 mln stg according to Jefferies)Read more

29 Feb 2016 07:59

Keller Group Increases Dividend By 7.5% After Reporting Profit Rise

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29 Feb 2016 07:40

Keller Group in strong position despite revenue dip

(ShareCast News) - Keller Group was looking strong as it reported its final results on Monday, with revenue down as large projects finished, but earnings solid as the company invested in higher-growth markets. Revenue at the FTSE 250 ground engineering specialist dipped 2% in both reported and const

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22 Feb 2016 16:04

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11 Jan 2016 13:46

REFILE-Flood clean-up promises silver lining for UK construction firms

(Refiles to make clear Royal London's Mitchell was speaking as manager of UK Mid-Cap Growth Fund, paragraph 13) * Govt promises more flood defence spending after storms * Fund managers tip engineering and building firms * Upside seen for likes of Kier, Renew, Polypipe By K

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10 Jan 2016 10:00

Flood clean-up promises silver lining for UK construction firms

* Govt promises more flood defence spending after storms * Fund managers tip engineering and building firms * Upside seen for likes of Kier, Renew, Polypipe By Kit Rees LONDON, Jan 10 (Reuters) - Britain's wettest December in a century could herald brighter prospects for U

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4 Jan 2016 14:10

FTSE 250 movers: Ocado keeps falling, Allied Minds lifted by paper tip

(ShareCast News) - With less exposure to international companies than the blue chip benchmark, the FTSE 250 index was down 1.5% by mid afternoon, compared to the 2%-plus dip of the FTSE 100. Worries about China were the cause of the widespread losses in London, Europe and the US on Monday, but the U

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