Berenberg Bank Reiterates Buy Rating for Kistos (LON:KIST)

Kistos (LON:KIST)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 325 price target on the stock. Berenberg Bank’s price target points to a potential upside of 23.34% from the stock’s current price.

Kistos Price Performance

KIST opened at GBX 263.50 on Tuesday. The firm has a market capitalization of £219.02 million, a PE ratio of -131.75 and a beta of 0.45. The company has a debt-to-equity ratio of 656.21, a current ratio of 0.90 and a quick ratio of 2.33. The business’s 50-day moving average is GBX 264.53 and its two-hundred day moving average is GBX 258.20. Kistos has a 1 year low of GBX 145 and a 1 year high of GBX 335.

Kistos (LON:KIST) last released its quarterly earnings results on Friday, June 26th. The company reported GBX (0.02) EPS for the quarter. Kistos had a negative net margin of 1.13% and a negative return on equity of 6.64%. The firm had revenue of £212.94 million for the quarter. Research analysts anticipate that Kistos will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider James Thomson sold 15,601 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 286, for a total transaction of £44,618.86. 15.02% of the stock is owned by insiders.

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.