Kistos (LON:KIST) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Kistos Holdings Plc (LON:KIST) crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 305.83 and traded as high as GBX 316.50. Kistos shares last traded at GBX 316.50, with a volume of 454,593 shares.

Analyst Upgrades and Downgrades

KIST has been the subject of several research analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 420 price objective on shares of Kistos in a research report on Monday, October 19th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 360 target price on shares of Kistos in a research report on Wednesday, September 16th. Two equities 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 390.

Kistos Stock Performance

The company has a fifty day moving average of GBX 305.83 and a 200 day moving average of GBX 273.15. The stock has a market cap of £263.07 million, a P/E ratio of 10.55 and a beta of 0.46. The company has a debt-to-equity ratio of 1,049.17, a current ratio of 1.68 and a quick ratio of 2.33.

Kistos Company Profile

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.