Market's view on Keller
Published on April 2024
- There are comments about an upward rebasing of dividends due to excellent performance and growth prospects, resulting in a 20% increase in total dividends for 2023.
- Stock watchers highlight a potential global downturn due to a recession in the US, with an expectation that increased geotechnical activity could benefit the company as one of the few likely gainers in such a scenario.
- The company’s record financial results for 2023 are noted, with a significant improvement in business performance and a strong momentum driving expectations for continued progress in 2024.
- Concerns are raised about the potential impact of a global downturn on the company’s diverse international operations, though the US market remains strong.
- Positive shifts in underlying profit and operational delivery are mentioned, alongside targeted M&A opportunities to drive future growth.
- There is speculation about further increases in share price following significant progress in earnings per share and operating profit forecasts.
- Updates on trading have been positive, with a particularly strong position noted in the US market, which could lead to an enhanced dividend reflecting the company’s improved financial standing.
- A reference to the strong quarterly performance leads to a valuation update, suggesting the stock is cheap and prompts an increase in target price.
- The impact of positive reports on the company’s share price is discussed, with expectations of dividends potentially increasing.
- Overall, there is a positive outlook for the company’s financial health and market performance, despite some concerns over global market dynamics.