Kistos (LON:KIST) Trading Down 1.2% - What's Next?

Key Points

• Kistos Holdings Plc's stock price decreased by 1.2%, trading between GBX 166 ($2.21) and GBX 170.50 ($2.27) during mid-day trading.
• Berenberg Bank has set a target price of GBX 230 ($3.06) while maintaining a "buy" rating for Kistos shares.
• The company's financial ratios indicate a strong current ratio of 1.80 and a high debt-to-equity ratio of 264.33, suggesting potential financial risks.

Kistos Holdings Plc (LON:KIST - Get Free Report)'s share price fell 1.2% on Tuesday . The company traded as low as GBX 166 ($2.23) and last traded at GBX 170.50 ($2.29). 175,134 shares were traded during mid-day trading, a decline of 21% from the average session volume of 222,052 shares. The stock had previously closed at GBX 172.50 ($2.32).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 230 ($3.09) target price on shares of Kistos in a report on Tuesday, April 15th.

Kistos Stock Performance

The company has a market capitalization of £158.37 million, a PE ratio of -2.96 and a beta of 0.33. The company has a current ratio of 1.80, a quick ratio of 2.33 and a debt-to-equity ratio of 264.33. The firm's 50-day simple moving average is GBX 170.94 and its 200-day simple moving average is GBX 144.99.

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.