Kistos (LON:KIST) Shares Break Below Two Hundred Day Moving Average – Here’s Why

Kistos Holdings Plc (LON:KIST)’s stock price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 275.25 and traded as low as GBX 270. Kistos shares last traded at GBX 270, with a volume of 214,504 shares changing hands.

Wall Street Analysts Forecast Growth

KIST has been the topic of a number of research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 420 target price on shares of Kistos in a report on Monday, November 2nd. Canaccord Genuity Group restated a “buy” rating and set a GBX 360 price target on shares of Kistos in a report on Wednesday, September 16th. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 390.

Kistos Stock Performance

The firm’s fifty day moving average price is GBX 305.85 and its 200 day moving average price is GBX 275.65. The company has a current ratio of 1.68, a quick ratio of 2.33 and a debt-to-equity ratio of 1,049.17. The firm has a market capitalization of £224.42 million, a PE ratio of 9.00 and a beta of 0.46.

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.