Strix Group (LON:KETL) Given New GBX 70 Price Target at Berenberg Bank

Strix Group (LON:KETL) had its target price trimmed by Berenberg Bank from GBX 75 to GBX 70 in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.

Separately, Shore Capital Group restated a “buy” rating and set a GBX 46 price target on shares of Strix Group in a research note on Friday, December 19th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 58.

Strix Group Stock Performance

LON:KETL opened at GBX 38.74 on Tuesday. Strix Group has a fifty-two week low of GBX 32.50 and a fifty-two week high of GBX 52. The company has a debt-to-equity ratio of 192.67, a quick ratio of 1.19 and a current ratio of 1.68. The company has a 50 day moving average price of GBX 48.04 and a 200 day moving average price of GBX 42.18. The stock has a market capitalization of £88.23 million, a P/E ratio of 11.39 and a beta of 0.76.

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.