Canaccord Genuity Group Reaffirms “Buy” Rating for Kistos (LON:KIST)

Kistos (LON:KIST)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a report issued on Wednesday, London Stock Exchange reports. They presently have a GBX 360 target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 16.13% from the company’s current price.

Separately, Berenberg Bank lifted their price target on shares of Kistos from GBX 325 to GBX 405 and gave the company a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 382.50.

Kistos Trading Down 3.1%

LON KIST opened at GBX 310 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 0.90 and a debt-to-equity ratio of 656.21. Kistos has a twelve month low of GBX 145 and a twelve month high of GBX 350. The firm has a market capitalization of £257.67 million, a PE ratio of -155.00 and a beta of 0.46. The stock’s 50 day moving average is GBX 283.40 and its 200 day moving average is GBX 272.81.

Kistos (LON:KIST) last posted its quarterly earnings data on Friday, June 26th. The company reported GBX (0.02) earnings per share (EPS) for the quarter. Kistos had a negative return on equity of 6.64% and a negative net margin of 1.13%.The firm had revenue of £212.94 million during the quarter. Research analysts forecast that Kistos will post 0.68 earnings per share for the current fiscal year.

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.