Strix Group (LON:KETL) Trading 1.7% Higher – Still a Buy?

Strix Group Plc (LON:KETL) shot up 1.7% during mid-day trading on Tuesday . The stock traded as high as GBX 37.15 and last traded at GBX 36.35. 707,408 shares were traded during mid-day trading, a decline of 37% from the average session volume of 1,125,735 shares. The stock had previously closed at GBX 35.75.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Berenberg Bank cut their target price on Strix Group from GBX 75 to GBX 70 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Shore Capital Group reissued a “buy” rating and issued a GBX 46 target price on shares of Strix Group in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 58.

Strix Group Stock Performance

The company has a market capitalization of £82.79 million, a PE ratio of 10.69 and a beta of 0.76. The stock’s fifty day simple moving average is GBX 44.50 and its 200-day simple moving average is GBX 41.50. The company has a debt-to-equity ratio of 192.67, a quick ratio of 1.19 and a current ratio of 1.68.

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.