LONDON (ShareCast) - Liberum said it sees "compelling attractions" at Keller after better-than-expected first-half results and reiterated guidance from the ground engineering group on Monday.

"The shares have been weak so should react positively," Liberum said.

"The shareholder register may need to transition from momentum to value, but there are compelling attractions for new investors."

The broker said that the economic recovery is still in its infancy, while increased returns for Keller's shareholders are likely in the next 12 months.

Liberum maintained its 'buy' recommendation and 1,200p target price for the stock, highlighting a 9% free cash flow yield.

The shares were 4.8% higher at 917.12p by 10:52.


BC

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