Kistos (LON:KIST) Trading Up 2.4% – Here’s Why

Kistos Holdings Plc (LON:KIST)’s share price rose 2.4% on Wednesday . The stock traded as high as GBX 255 and last traded at GBX 255. Approximately 314,657 shares traded hands during trading, an increase of 9% from the average daily volume of 289,230 shares. The stock had previously closed at GBX 249.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on shares of Kistos from GBX 280 to GBX 285 and gave the company a “buy” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 285.

Kistos Stock Performance

The company has a market cap of £211.30 million, a PE ratio of -4.47 and a beta of 0.33. The stock’s 50 day simple moving average is GBX 221.21 and its two-hundred day simple moving average is GBX 185.75. The company has a quick ratio of 2.33, a current ratio of 2.07 and a debt-to-equity ratio of 822.55.

Insider Transactions at Kistos

In other news, insider James Thomson sold 1,793 shares of Kistos stock in a transaction dated Friday, January 30th. The stock was sold at an average price of GBX 220, for a total value of £3,944.60. Also, insider Andrew Austin sold 13,191 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of GBX 220, for a total transaction of £29,020.20. Insiders have sold a total of 28,625 shares of company stock worth $6,297,500 in the last three months. 20.58% of the stock is currently owned by company insiders.

About Kistos

Kistos is an independent, integrated energy company with upstream and midstream operations across international markets.

Our operations span the UK, Norway, and the Netherlands. Kistos’ investments across the value chain include upstream operations, both offshore and onshore, and the operation of critical infrastructure to process and store hydrocarbons for ready deployment in the energy market.

Central to our approach is operating with industry-leading sustainability and social responsibility credentials.