Shares of Strix Group Plc (LON:KETL – Get Free Report) shot up 13.6% on Friday . The company traded as high as GBX 51.55 and last traded at GBX 46.20. 11,254,933 shares changed hands during mid-day trading, an increase of 1,484% from the average session volume of 710,760 shares. The stock had previously closed at GBX 40.65.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on KETL. Shore Capital reaffirmed a “buy” rating on shares of Strix Group in a research report on Tuesday, September 30th. Berenberg Bank decreased their target price on shares of Strix Group from GBX 85 to GBX 75 and set a “buy” rating for the company in a research note on Friday, November 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Strix Group presently has a consensus rating of “Buy” and an average target price of GBX 75.
Get Our Latest Stock Report on KETL
Strix Group Price Performance
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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