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Berenberg Bank Issues Positive Forecast for Kistos (LON:KIST) Stock Price

Kistos logo with Energy background

Key Points

  • Berenberg Bank has increased its target price for Kistos from GBX 235 to GBX 245, indicating a potential upside of 44.12% from the current stock price.
  • Kistos shares rose by 6.3% during mid-day trading, reflecting a strong market interest with 146,437 shares exchanged.
  • The company has a market capitalization of £140.87 million and operates in the UK, Norway, and the Netherlands, focusing on both upstream and midstream energy operations.
  • Five stocks to consider instead of Kistos.

Kistos (LON:KIST - Get Free Report) had its target price increased by equities researchers at Berenberg Bank from GBX 235 to GBX 245 in a report released on Wednesday, Marketbeat reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price objective suggests a potential upside of 44.12% from the company's previous close.

Kistos Trading Up 6.3%

Shares of LON KIST traded up GBX 10 during mid-day trading on Wednesday, hitting GBX 170. 146,437 shares of the company traded hands, compared to its average volume of 193,083. Kistos has a 1 year low of GBX 93 and a 1 year high of GBX 200. The stock has a market capitalization of £140.87 million, a price-to-earnings ratio of -2.98 and a beta of 0.33. The company has a quick ratio of 2.33, a current ratio of 1.80 and a debt-to-equity ratio of 264.33. The business has a 50 day moving average of GBX 161.25 and a two-hundred day moving average of GBX 156.74.

About Kistos

(Get Free Report)

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.

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