Strix Group (LON:KETL) Price Target Cut to GBX 85 by Analysts at Berenberg Bank

Strix Group (LON:KETL) had its price objective trimmed by Berenberg Bank from GBX 90 to GBX 85 in a report issued on Thursday,Digital Look reports. The brokerage currently has a buy rating on the stock.

Separately, Shore Capital reissued a “buy” rating on shares of Strix Group in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 85.

Strix Group Trading Down 2.7%

Shares of KETL opened at GBX 36.99 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 225.66. Strix Group has a 12-month low of GBX 36.28 and a 12-month high of GBX 70.40. The firm has a market capitalization of £85.01 million, a PE ratio of -6,164.17 and a beta of 0.59. The stock’s fifty day simple moving average is GBX 42.88 and its 200-day simple moving average is GBX 44.

About Strix Group

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.