When a FTSE 250 share has soared 119% in a year I’d expect it to be expensive, but that isn’t the case with Keller Group (LSE: KLR). It’s currently trading on a relatively modest valuation of 10.47 times earnings.
That’s comfortably below today’s FTSE 250 average valuation of 12.4 times earnings. I’m always wary of buying stocks after a good run, but this suggests I could still have an opportunity to get in at a decent price.
Can the price keep climbing?
The geotechnical specialist contractor lays the foundations for construction projects across five continents, which gives it a pretty big market to tilt at.
Its shares rocketed after last month’s first-half results showed a 121% jump in statutory pre-tax profits to £95.3m. The share spiked on the day and has subsequently held on to its gains, which isn’t always the case.
First-half sales only rose 2% to £1.49bn but these things tend to come in…
