Strix Group Plc (LON:KETL) Given Average Recommendation of “Buy” by Brokerages

Strix Group Plc (LON:KETL – Get Rating) has been assigned an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 366 ($4.51).

Several analysts recently issued reports on KETL shares. Shore Capital reissued a “sell” rating on shares of Strix Group in a research note on Friday, March 25th. Berenberg Bank reduced their target price on Strix Group from GBX 360 ($4.44) to GBX 310 ($3.82) and set a “buy” rating on the stock in a research note on Thursday, April 21st. Finally, Canaccord Genuity Group dropped their price target on shares of Strix Group from GBX 375 ($4.62) to GBX 300 ($3.70) and set a “buy” rating on the stock in a research note on Thursday, March 31st.

KETL opened at GBX 191.35 ($2.36) on Friday. The company has a market cap of £396.87 million and a P/E ratio of 19.61. Strix Group has a 12 month low of GBX 179.90 ($2.22) and a 12 month high of GBX 390 ($4.81). The company has a current ratio of 1.84, a quick ratio of 1.11 and a debt-to-equity ratio of 285.40. The business’s 50-day moving average price is GBX 219.45 and its 200-day moving average price is GBX 255.63.

The company also recently declared a dividend, which will be paid on Friday, June 10th. Investors of record on Thursday, May 12th will be paid a dividend of GBX 5.60 ($0.07) per share. The ex-dividend date of this dividend is Thursday, May 12th. This is a boost from Strix Group’s previous dividend of $2.75. This represents a dividend yield of 2.33%. Strix Group’s payout ratio is currently 0.82%.

In related news, insider Mark Adrian Kirkland purchased 11,425 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The stock was acquired at an average price of GBX 218 ($2.69) per share, for a total transaction of £24,906.50 ($30,707.06). Also, insider Richard Sells purchased 9,894 shares of the company’s stock in a transaction on Monday, April 4th. The stock was acquired at an average cost of GBX 202 ($2.49) per share, for a total transaction of £19,985.88 ($24,640.46).

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.

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