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

Strix Group (LON:KETL)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued on Monday, MarketBeat reports. They presently have a GBX 75 target price on the stock. Berenberg Bank’s price target points to a potential upside of 58.73% from the stock’s current price.

Separately, Shore Capital reaffirmed a “buy” rating and set a GBX 46 target price on shares of Strix Group in a research note on Friday, December 19th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Strix Group currently has an average rating of “Buy” and a consensus target price of GBX 60.50.

Strix Group Stock Performance

Shares of LON:KETL opened at GBX 47.25 on Monday. The company has a debt-to-equity ratio of 225.66, a current ratio of 1.33 and a quick ratio of 1.19. Strix Group has a 1 year low of GBX 32.50 and a 1 year high of GBX 53.30. The firm has a market capitalization of £108.64 million, a PE ratio of 13.90 and a beta of 0.59. The business’s 50 day moving average price is GBX 43.60 and its 200-day moving average price is GBX 41.09.

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. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly.

Strix has built up market leading capability and know-how, expanding into complementary products and technologies.