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Kistos (LON:KIST) Receives Buy Rating from Berenberg Bank

Kistos logo with Energy background

Key Points

  • Berenberg Bank has reaffirmed a "buy" rating for Kistos, placing a price target of GBX 230, indicating a potential upside of 38.06% from the current stock price.
  • Kistos's stock has recently shown a 2.5% increase, with its current price at GBX 166.60 and a market capitalization of £138.05 million.
  • The company operates internationally in the energy sector, focusing on sustainability and responsible practices across its upstream and midstream operations in the UK, Norway, and the Netherlands.
  • MarketBeat previews top five stocks to own in October.

Kistos (LON:KIST - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 230 target price on the stock. Berenberg Bank's price target would indicate a potential upside of 38.55% from the company's current price.

Kistos Stock Up 1.8%

Shares of Kistos stock traded up GBX 3 during trading on Wednesday, hitting GBX 166. The company's stock had a trading volume of 72,640 shares, compared to its average volume of 203,734. The company has a debt-to-equity ratio of 264.33, a quick ratio of 2.33 and a current ratio of 1.80. The company has a fifty day simple moving average of GBX 165.63 and a two-hundred day simple moving average of GBX 149.86. The company has a market capitalization of £137.55 million, a PE ratio of -263.49 and a beta of 0.33. Kistos has a 52 week low of GBX 93 and a 52 week high of GBX 200.

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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