Strix Group (LON:KETL) Price Target Cut to GBX 65 by Analysts at Berenberg Bank

Strix Group (LON:KETL) had its price target decreased by equities researchers at Berenberg Bank from GBX 70 to GBX 65 in a report released on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 96.04% from the stock’s previous close.

Separately, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 54 price objective on shares of Strix Group in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 55.

Strix Group Price Performance

Shares of Strix Group stock opened at GBX 33.16 on Tuesday. The business has a 50 day moving average of GBX 36.01 and a 200 day moving average of GBX 39.86. Strix Group has a 52 week low of GBX 32.45 and a 52 week high of GBX 52. The company has a quick ratio of 1.19, a current ratio of 1.40 and a debt-to-equity ratio of 186.31. The company has a market cap of £65.56 million, a PE ratio of 9.75 and a beta of 0.94.

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.