Kistos (LON:KIST) Stock Price Up 6.3% Following Analyst Upgrade

Key Points

• Kistos Holdings Plc's stock price rose 6.3% after Berenberg Bank upgraded its price target from GBX 235 to GBX 245, maintaining a buy rating.
• The company's market capitalization is £140.87 million, with a current ratio of 1.80 and a high debt-to-equity ratio of 264.33.
• Kistos operates in multiple international markets, including the UK, Norway, and the Netherlands, focusing on both upstream and midstream energy operations.

Shares of Kistos Holdings Plc (LON:KIST - ) traded up 6.3% during mid-day trading on Thursday after Berenberg Bank raised their price target on the stock from GBX 235 to GBX 245. Berenberg Bank currently has a buy rating on the stock. Kistos traded as high as GBX 172.50 ($2.30) and last traded at GBX 170 ($2.27). 134,156 shares were traded during mid-day trading, a decline of 30% from the average session volume of 193,023 shares. The stock had previously closed at GBX 160 ($2.13).

Kistos Price Performance

The company has a market cap of £140.87 million, a P/E ratio of -2.98 and a beta of 0.33. The company has a fifty day simple moving average of GBX 161.45 and a 200-day simple moving average of GBX 157.01. The company has a debt-to-equity ratio of 264.33, a current ratio of 1.80 and a quick ratio of 2.33.

About Kistos

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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