Strix Group (LON:KETL) Receives Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Strix Group (LON:KETL) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity raised their price target on Strix Group from GBX 210 ($2.76) to GBX 230 ($3.03) and gave the company a buy rating in a report on Thursday, January 23rd. Peel Hunt increased their price objective on Strix Group from GBX 175 ($2.30) to GBX 205 ($2.70) and gave the company a buy rating in a research report on Thursday, January 23rd. Finally, Shore Capital increased their price objective on Strix Group from GBX 200 ($2.63) to GBX 220 ($2.89) and gave the company a buy rating in a research report on Thursday, January 23rd.

KETL stock traded up GBX 3.20 ($0.04) during midday trading on Thursday, reaching GBX 181 ($2.38). 512,100 shares of the company’s stock traded hands. The company has a 50-day simple moving average of GBX 186.84 and a two-hundred day simple moving average of GBX 176.84. Strix Group has a 1-year low of GBX 150 ($1.97) and a 1-year high of GBX 200 ($2.63). The company has a market cap of $343.90 million and a price-to-earnings ratio of 16.61.

Strix Group Company Profile

Strix Group Plc manufactures and sells kettle safety controls and other components worldwide. The company offers thermostatic controls, cordless interfaces, water jugs, and filters. It also provides water heating, temperature and steam-management devices, such as steam boilers, instant flow heaters, and turbo toasters.

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