Berenberg Bank Lowers Strix Group (LON:KETL) Price Target to GBX 85

Key Points

• Berenberg Bank has lowered the price target for Strix Group from GBX 90 to GBX 85, while maintaining a "buy" rating on the stock, indicating a potential upside of 129.92% from its previous close.
• Shore Capital has also reaffirmed a "buy" rating for Strix Group, contributing to an overall average rating of "buy" with a consensus target price of GBX 85.
• Currently, Strix Group is trading at GBX 36.97, with a market capitalization of £84.98 million and a 52-week range between GBX 36.28 and GBX 70.40.

Strix Group (LON:KETL - Get Free Report) had its price target lowered by equities research analysts at Berenberg Bank from GBX 90 to GBX 85 in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's target price points to a potential upside of 129.92% from the company's previous close.

Separately, Shore Capital reaffirmed a "buy" rating on shares of Strix Group in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Strix Group presently has an average rating of "Buy" and a consensus target price of GBX 85.

Strix Group Price Performance

KETL opened at GBX 36.97 on Thursday. The company has a debt-to-equity ratio of 225.66, a quick ratio of 1.19 and a current ratio of 1.33. The stock has a market capitalization of £84.98 million, a P/E ratio of -6,161.50 and a beta of 0.59. The company's 50-day simple moving average is GBX 42.88 and its two-hundred day simple moving average is GBX 44. Strix Group has a 52-week low of GBX 36.28 and a 52-week high of GBX 70.40.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.