Kistos (LON:KIST) Stock Rating Reaffirmed as Buy by Berenberg Bank

Kistos (LON:KIST)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a note issued to investors on Monday, Marketbeat reports. They presently have a GBX 420 price objective on the stock. Berenberg Bank’s target price would suggest a potential upside of 39.77% from the stock’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 360 price objective on shares of Kistos in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 390.

Kistos Stock Up 0.8%

LON:KIST traded up GBX 2.50 during midday trading on Monday, hitting GBX 300.50. 332,110 shares of the company were exchanged, compared to its average volume of 249,301. Kistos has a fifty-two week low of GBX 145 and a fifty-two week high of GBX 350. The company has a market capitalization of £249.77 million, a PE ratio of 10.02 and a beta of 0.46. The company has a current ratio of 1.68, a quick ratio of 2.33 and a debt-to-equity ratio of 1,049.17. The company has a fifty day simple moving average of GBX 302.42 and a 200 day simple moving average of GBX 281.67.

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.