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Price targets for Keller Group in recent research now cluster around £22.00 per share, or 2,200 GBp. This marks a shift in where analysts see the shares settling. Some view that £22.00 level as well supported by firmer earnings and cash flow assumptions, while others treat it as close to full value. This helps explain the mix of more upbeat and more cautious ratings at the same target. As you read on, you will see how this updated range fits into the broader analyst narrative and what it could mean for your own view.
Stay updated as the Fair Value for Keller Group shifts by adding it to your watchlist or portfolio . Alternatively, explore our Community to discover new perspectives on Keller Group.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
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Deutsche Bank lifted its price target on Keller Group to 2,200 GBp from 1,660 GBp, which aligns with the new cluster of targets around £22.00 and signals that its analysts see support for this valuation level.
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RBC Capital also raised its price target, adding 220 GBp, which points to increased confidence in the underlying assumptions that sit behind its Keller Group forecast work.
🐻 Bearish Takeaways
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Even while taking its target up to 2,200 GBp, Deutsche Bank shifted its rating to Hold from Buy and explicitly described the shares as fairly valued, suggesting less room for potential upside at current levels.
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The move to Hold also shows that, for some analysts, the recent share performance and updated assumptions now leave less of a valuation cushion. As a result, execution and cash generation may need to track existing expectations to support that £22.00 view.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!
What's in the News
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The Board of Directors authorized a share buyback plan on March 30, 2026, providing formal approval for repurchases to proceed within a defined framework.
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Keller Group put in place non discretionary agreements with Investec Bank plc and Peel Hunt LLP for up to £100m of share repurchases, with shares to be held in Treasury and potentially used for employee share plans, running no later than March 31, 2027.
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On March 3, 2026, the Board stated it would consider a share repurchase program with an initial tranche of £100m of potential buybacks.
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The Board recommended a 2025 final dividend of 52.1 pence per share, taking the total 2025 dividend to 70.4 pence per share, with dividend earnings cover at 3.0x and total dividends to equity shareholders of £36.2m, subject to approval for payment on June 26, 2026.
How This Changes the Fair Value For Keller Group
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Fair value in the model remains at £24.00 per share, with no change to the central value output.
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Revenue growth input is unchanged at 2.72% in the current model.
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Net profit margin stays at 4.78% on each £ of revenue.
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Future P/E multiple remains set at 13.0x in the valuation work.
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The discount rate is unchanged at 9.44%, reflecting the same risk assumptions as before.
Never Miss an Update: Follow The Narrative
Narratives link a company's real world story to a financial forecast and fair value, so you can see how news, forecasts and risks all connect. They refresh as new data comes in, keeping the investment case grounded in up to date assumptions.
Head over to the Simply Wall St Community and follow the Narrative on Keller Group to stay up to date on:
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How infrastructure and climate adaptation spending across regions feeds into Keller Group's revenue and margin assumptions.
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The role of geographic diversification, digitalization and M&A in aiming to smooth earnings and support future profitability.
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Key pressures such as macro volatility, weaker construction end markets, competition and cost inflation that could challenge this outlook.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include KLR.L .
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