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

Shares of Strix Group Plc (LON:KETLGet Rating) have been assigned an average recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 366 ($4.59).

Several brokerages recently commented on KETL. Canaccord Genuity Group reduced their target price on shares of Strix Group from GBX 375 ($4.70) to GBX 300 ($3.76) and set a “buy” rating for the company in a report on Thursday, March 31st. Shore Capital reissued a “sell” rating on shares of Strix Group in a report on Thursday, May 26th. Finally, Berenberg Bank cut their price objective on shares of Strix Group from GBX 360 ($4.51) to GBX 310 ($3.88) and set a “buy” rating for the company in a report on Thursday, April 21st.

In related news, insider Richard Sells acquired 9,894 shares of the stock in a transaction that occurred on Monday, April 4th. The stock was acquired at an average cost of GBX 202 ($2.53) per share, for a total transaction of £19,985.88 ($25,044.96). Also, insider Mark Adrian Kirkland acquired 11,425 shares of the stock in a transaction that occurred on Tuesday, April 26th. The shares were bought at an average price of GBX 218 ($2.73) per share, with a total value of £24,906.50 ($31,211.15).

Shares of KETL stock opened at GBX 187.51 ($2.35) on Tuesday. The company has a market capitalization of £388.92 million and a price-to-earnings ratio of 19.23. The company has a debt-to-equity ratio of 285.40, a quick ratio of 1.11 and a current ratio of 1.84. The company has a 50-day simple moving average of GBX 201.06 and a 200 day simple moving average of GBX 243.33. Strix Group has a 52 week low of GBX 179.90 ($2.25) and a 52 week high of GBX 390 ($4.89).

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

Strix Group Company Profile (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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Analyst Recommendations for Strix Group (LON:KETL)

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