Berenberg Bank Forecasts Strong Price Appreciation for Kistos (LON:KIST) Stock

Kistos (LON:KIST) had its price objective increased by equities research analysts at Berenberg Bank from GBX 280 to GBX 285 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 54.05% from the stock’s current price.

Kistos Stock Up 1.9%

KIST stock traded up GBX 3.40 during trading on Friday, hitting GBX 185. 204,927 shares of the company’s stock traded hands, compared to its average volume of 163,842. The firm has a market capitalization of £153.30 million, a P/E ratio of -3.25 and a beta of 0.33. Kistos has a 1 year low of GBX 113 and a 1 year high of GBX 210. The company has a quick ratio of 2.33, a current ratio of 1.80 and a debt-to-equity ratio of 264.33. The business has a fifty day simple moving average of GBX 173.29 and a two-hundred day simple moving average of GBX 168.10.

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.