Berenberg Bank Reiterates "Buy" Rating for Strix Group (LON:KETL)

Key Points

• Berenberg Bank has restated a "buy" rating for Strix Group (LON:KETL) with a price target of GBX 90, suggesting a potential upside of 110.53% from its current price.
• Strix Group's stock opened at GBX 42.75, with a 1-year trading range between GBX 38.65 and GBX 86.70.
• The company specializes in kettle safety controls and has a market capitalization of £96.38 million, with a P/E ratio of 0.35.

Strix Group (LON:KETL - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Berenberg Bank in a report released on Tuesday, Marketbeat Ratings reports. They presently have a GBX 90 price target on the stock. Berenberg Bank's target price indicates a potential upside of 104.31% from the stock's current price.

Strix Group Price Performance

LON KETL traded down GBX 1.95 during trading on Tuesday, hitting GBX 44.05. 413,025 shares of the company's stock were exchanged, compared to its average volume of 704,206. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 225.66. The company has a market cap of £101.25 million, a PE ratio of -7,341.67 and a beta of 0.59. Strix Group has a fifty-two week low of GBX 38.65 and a fifty-two week high of GBX 86.70. The stock's 50 day moving average price is GBX 42.25 and its two-hundred day moving average price is GBX 44.94.

Strix Group Company Profile

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.