Strix Group’s (KETL) Buy Rating Reaffirmed at Stifel Nicolaus

Strix Group (LON:KETL)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a report released on Thursday,Digital Look reports. They currently have a GBX 54 price target on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 28.57% from the company’s current price.

Separately, Berenberg Bank lowered their price target on Strix Group from GBX 75 to GBX 70 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 56.67.

Strix Group Stock Up 2.1%

Strix Group stock traded up GBX 0.85 during mid-day trading on Thursday, hitting GBX 42. 86,515 shares of the company’s stock were exchanged, compared to its average volume of 1,002,592. The stock has a 50 day moving average of GBX 40.14 and a two-hundred day moving average of GBX 41.17. Strix Group has a 1-year low of GBX 32.50 and a 1-year high of GBX 52. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 192.67. The stock has a market cap of £93.39 million, a P/E ratio of 12.35 and a beta of 0.90.

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.