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

Mon, 29th Feb 2016 09:04

** Keller Group, a ground engineering contractor, +3pct in hefty volumes & 3rd top FTSE midcap gainer aftersmall beat in FY2015 results

** Helped by strong performance in U.S., FY PBT beforeexceptional items +12 pct to 95.7 mln stg (vs consensus of 93.5mln stg according to Jefferies)

** Jefferies upgrades FY2016E PBT estimate by 6.7 pct to102.4 mln stg

** About 3.5X 30-day avg vol traded through in c.1 hr

** Up to Friday's close, stock -4.6 pct YTD, largely in linewith fall in broader FTSE 250 index

** Co lays cost-effective foundations for infrastructure,industrial, commercial and residential projects

(RM: esha.vaish.thomsonreuters.com@reuters.net)

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