Berenberg reiterates Buy rating on Keller Group stock at GBp 3,450

Published on 10/18/2026 at 13:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg set a GBp 3,450 target on October 15, 2026. Keller's 5 to 7 percent growth goal through 2030 adds context for Keller Group stock.

Analyst target and growth plan

Berenberg set a GBp 3,450 target on October 15, 2026.
Keller targets organic revenue growth of 5.00 to 7.00 percent through 2030.
Keller Group stock last stood at EUR 38.40 on October 7, 2026 on gettex.
The next trading update is scheduled for November 12, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Bauhelm und Bodenproben auf Holztisch — Flatlay mit Aktienzertifikat und ISIN-Karte illustriert Investment in Keller Group plc, ISIN GB0034293025, Baubranche, Illustration mit AI erstellt.

Keller Group plc (ISIN GB0004866223) received a reiterated Buy rating and a GBp 3,450 price target from Berenberg on October 15, 2026, giving the stock a fresh analyst reference point. Markets Insider reported the rating from analyst Robert Chantry and the GBp 3,450 target.

Targets set the new framework

The more important company catalyst came on October 14, 2026, when Keller presented medium-term targets at its Capital Markets Day. The group set an organic revenue growth target of 5.00 to 7.00 percent, a group operating margin target of 7.00 percent, return on capital employed above 30.00 percent and cumulative free cash flow of GBP 800 million from 2026 through 2030. TradingView published the RNS announcement.

The plan builds on a stronger interim base. Keller reported first-half 2026 revenue of GBP 1.61 billion, up 11.10 percent year over year, while underlying operating profit rose 17.10 percent to GBP 117.9 million, according to Investing.com on October 14, 2026.

What does the margin target mean?

The 7.00 percent margin goal matters because Keller's operating profit rose from GBP 89 million in 2021 to GBP 218 million in 2025, while the group margin improved from 4.00 percent to 7.00 percent over that period. The target therefore frames the Capital Markets Day as a continuation of operational improvement rather than a single project announcement.

Three dated company events

On August 4, 2026, Keller reported first-half revenue of GBP 1.61 billion. On September 28, 2026, the company disclosed a USD 650 million variation order on the I-40 highway project and said its 2026 full-year expectations were unchanged, according to Keller Group. On October 14, 2026, it set the 5.00 to 7.00 percent organic growth target at its Capital Markets Day.

Next company date

Keller's next scheduled event is a trading update on November 12, 2026, according to the company's investor calendar at Keller Group.

Euro quote remains dated

The last available euro quote stood at EUR 38.40 on gettex on October 7, 2026 at 10:43 p.m. CEST. The LSE reference range was GBp 1,404.00 to GBp 3,518.00 on October 16, 2026, while the latest structured quote was GBp 3,062.00.

The further course of trading is shown by the continuously updated real-time quote of Keller Group stock.