Kistos (LON:KIST) Shares Up 1.1% - What's Next?

Key Points

• Shares rose about 1.1% to GBX 268 on Wednesday, and Berenberg raised its target to GBX 285 while the stock carries a consensus "Buy" rating with a consensus price target of GBX 285.
• Company insiders have been net sellers recently—28,625 shares sold worth about $6.3M over the last 90 days—though insiders still own 25.19% of the company.
• Key fundamentals show a market cap of £222.8M, a negative PE of -4.70 and an extremely high debt-to-equity ratio (822.55), while the 50-day and 200-day moving averages (GBX 254.41 and GBX 206.19) indicate recent upward momentum.

Kistos Holdings Plc (LON:KIST - Get Free Report)'s share price shot up 1.1% on Wednesday . The company traded as high as GBX 269.50 and last traded at GBX 268. 143,340 shares were traded during trading, a decline of 53% from the average session volume of 306,935 shares. The stock had previously closed at GBX 265.

Analyst Ratings Changes

Separately, Berenberg Bank upped their target price on Kistos from GBX 280 to GBX 285 and gave the stock a "buy" rating in a report on Friday, January 9th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 285.

Kistos Stock Performance

The business has a fifty day simple moving average of GBX 254.41 and a two-hundred day simple moving average of GBX 206.19. The company has a debt-to-equity ratio of 822.55, a current ratio of 2.07 and a quick ratio of 2.33. The company has a market cap of £222.76 million, a PE ratio of -4.70 and a beta of 0.35.

Insiders Place Their Bets

In other news, insider James Thomson sold 1,793 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of GBX 220, for a total transaction of £3,944.60. Also, insider Andrew Austin sold 13,191 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of GBX 220, for a total value of £29,020.20. Insiders sold a total of 28,625 shares of company stock worth $6,297,500 over the last 90 days. Company insiders own 25.19% of the company's stock.

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.

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