Berenberg Bank Reaffirms “Buy” Rating for Strix Group (LON:KETL)

Strix Group (LON:KETL)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a note issued to investors on Tuesday, Marketbeat reports. They currently have a GBX 90 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 105.01% from the company’s current price.

Strix Group Stock Performance

Strix Group stock opened at GBX 43.90 on Tuesday. The company has a 50 day moving average price of GBX 42.27 and a 200-day moving average price of GBX 45.10. The company has a debt-to-equity ratio of 225.66, a quick ratio of 1.19 and a current ratio of 1.33. Strix Group has a fifty-two week low of GBX 38.65 and a fifty-two week high of GBX 86.70. The company has a market capitalization of £98.97 million, a PE ratio of 0.36 and a beta of 0.59.

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.