Strix Group (LON:KETL) Sets New 12-Month High – Here’s What Happened

Strix Group Plc (LON:KETL) reached a new 52-week high on Friday . The stock traded as high as GBX 73.03 and last traded at GBX 47, with a volume of 938894 shares trading hands. The stock had previously closed at GBX 47.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KETL. Berenberg Bank restated a “buy” rating and set a GBX 75 price target on shares of Strix Group in a research note on Monday, February 2nd. Shore Capital Group reiterated a “buy” rating and issued a GBX 46 price objective on shares of Strix Group in a research report on Friday, December 19th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Strix Group has an average rating of “Buy” and an average price target of GBX 60.50.

Strix Group Price Performance

The stock has a market cap of £108.07 million, a price-to-earnings ratio of 13.82 and a beta of 0.75. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 192.67. The company’s 50-day moving average is GBX 48.23 and its 200-day moving average is GBX 42.19.

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.