Strix Group Plc (LON:KETL) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Strix Group Plc (LON:KETL – Get Rating) have received a consensus recommendation of “Buy” from the six research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 376 ($4.90).

Several equities analysts have weighed in on the stock. Shore Capital reiterated a “sell” rating on shares of Strix Group in a research report on Friday, March 25th. Canaccord Genuity Group decreased their target price on shares of Strix Group from GBX 375 ($4.89) to GBX 300 ($3.91) and set a “buy” rating for the company in a research note on Thursday, March 31st.

LON KETL opened at GBX 206.50 ($2.69) on Monday. Strix Group has a twelve month low of GBX 191.20 ($2.49) and a twelve month high of GBX 390 ($5.08). The company has a debt-to-equity ratio of 330.33, a quick ratio of 0.78 and a current ratio of 1.43. The stock has a market cap of £426.78 million and a PE ratio of 17.80. The business’s 50 day moving average price is GBX 231.06.

The firm also recently disclosed a dividend, which will be paid on Friday, June 10th. Investors of record on Thursday, May 12th will be paid a GBX 5.60 ($0.07) dividend. This represents a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, May 12th. This is a positive change from Strix Group’s previous dividend of $2.75. Strix Group’s payout ratio is presently 0.69%.

In other news, insider Richard Sells bought 9,894 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The shares were purchased at an average price of GBX 202 ($2.63) per share, for a total transaction of £19,985.88 ($26,043.63).

About Strix Group (Get Rating)

Strix Group Plc designs, manufactures, and supplies kettle safety controls, and other components and devices worldwide. The company offers thermostatic controls, cordless interfaces, water jugs, and filters. It also provides water heating and temperature control, steam management, and water filtration devices.

Featured Articles