Kistos (LON:KIST) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Kistos Holdings Plc (LON:KIST) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of GBX 305.83 and traded as high as GBX 316.50. Kistos shares last traded at GBX 316.50, with a volume of 454,593 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KIST. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 360 target price on shares of Kistos in a research report on Wednesday, September 16th. Berenberg Bank reissued a “buy” rating and issued a GBX 420 price target on shares of Kistos in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 390.

Kistos Stock Performance

The stock has a market cap of £263.07 million, a P/E ratio of 10.55 and a beta of 0.46. The stock has a fifty day simple moving average of GBX 305.83 and a 200-day simple moving average of GBX 273.15. The company has a quick ratio of 2.33, a current ratio of 1.68 and a debt-to-equity ratio of 1,049.17.

About Kistos

Kistos is an independent, integrated energy company with upstream and midstream operations across international markets.

Our operations span the UK, Norway, and the Netherlands. Kistos’ investments across the value chain include upstream operations, both offshore and onshore, and the operation of critical infrastructure to process and store hydrocarbons for ready deployment in the energy market.

Central to our approach is operating with industry-leading sustainability and social responsibility credentials.