Berenberg Bank Cuts Strix Group (LON:KETL) Price Target to GBX 65

Strix Group (LON:KETL) had its target price lowered by Berenberg Bank from GBX 70 to GBX 65 in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, Stifel Nicolaus reissued a “buy” rating and set a GBX 54 price objective on shares of Strix Group in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 55.

Strix Group Price Performance

Shares of LON KETL opened at GBX 34.10 on Tuesday. The company has a debt-to-equity ratio of 186.31, a quick ratio of 1.19 and a current ratio of 1.40. Strix Group has a one year low of GBX 32 and a one year high of GBX 52. The firm has a market capitalization of £67.43 million, a P/E ratio of 10.03 and a beta of 0.94. The company’s fifty day moving average is GBX 35.63 and its two-hundred day moving average is GBX 39.57.

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.