Strix Group's (KETL) "Buy" Rating Reaffirmed at Shore Capital

Key Points

• Shore Capital has reaffirmed its "buy" rating for Strix Group (KETL), indicating strong analyst confidence in the stock.
• Berenberg Bank also maintains a "buy" rating with a target price of GBX 90, aligning with the consensus of two analysts.
• Strix Group's stock recently traded at GBX 38.03, below its 1-year high of GBX 70.90, suggesting potential for recovery.

Strix Group (LON:KETL - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Shore Capital in a note issued to investors on Tuesday,Digital Look reports.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 90 target price on shares of Strix Group in a research note on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of GBX 90.

Strix Group Stock Performance

Shares of LON KETL traded down GBX 1.97 during midday trading on Tuesday, reaching GBX 38.03. The company had a trading volume of 1,371,848 shares, compared to its average volume of 680,693. 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 business's 50-day simple moving average is GBX 43.14 and its 200 day simple moving average is GBX 44.13. Strix Group has a 1 year low of GBX 37.96 and a 1 year high of GBX 70.90. The stock has a market cap of £87.42 million, a P/E ratio of -6,338.50 and a beta of 0.59.

About Strix Group

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.

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