Kistos (LON:KIST) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Kistos Holdings Plc (LON:KIST)’s share price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 275.25 and traded as low as GBX 270. Kistos shares last traded at GBX 270, with a volume of 214,504 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 420 price target on shares of Kistos in a research note on Monday, November 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 360 price objective on shares of Kistos in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 390.

Kistos Price Performance

The company has a debt-to-equity ratio of 1,049.17, a quick ratio of 2.33 and a current ratio of 1.68. The company has a market capitalization of £224.42 million, a price-to-earnings ratio of 9.00 and a beta of 0.46. The company has a 50-day moving average price of GBX 306.41 and a 200-day moving average price of GBX 275.25.

Kistos Company Profile

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.