Berenberg Bank Reaffirms “Buy” Rating for Strix Group (LON:KETL)

Strix Group (LON:KETL)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research note issued to investors on Monday, MarketBeat.com reports. They presently have a GBX 75 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 59.57% from the company’s current price.

Separately, Shore Capital restated a “buy” rating and issued a GBX 46 price objective on shares of Strix Group in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 60.50.

Strix Group Stock Performance

Shares of KETL stock traded down GBX 0.05 during trading on Monday, hitting GBX 47. The company’s stock had a trading volume of 1,584,836 shares, compared to its average volume of 691,717. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 225.66. The company has a market cap of £108.07 million, a PE ratio of 13.82 and a beta of 0.59. The business has a fifty day moving average of GBX 43.11 and a 200-day moving average of GBX 41.02. Strix Group has a 52 week low of GBX 32.50 and a 52 week high of GBX 53.30.

Strix Group Company Profile

Founded in 1982, Isle of Man based Strix, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.

Strix’s core product range comprises a variety of safety controls for small domestic appliances, primarily kettles. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly.

Strix has built up market leading capability and know-how, expanding into complementary products and technologies.