Strix Group (LON:KETL) Given Sell Rating at Shore Capital

Shore Capital reiterated their sell rating on shares of Strix Group (LON:KETLGet Rating) in a report issued on Wednesday, Marketbeat.com reports.

Separately, Berenberg Bank dropped their price objective on Strix Group from GBX 310 ($3.75) to GBX 245 ($2.96) and set a buy rating on the stock in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of GBX 353 ($4.27).

Strix Group Stock Performance

LON KETL opened at GBX 117 ($1.41) on Wednesday. The company has a fifty day simple moving average of GBX 156.12 and a 200 day simple moving average of GBX 184.95. Strix Group has a 12-month low of GBX 113.60 ($1.37) and a 12-month high of GBX 370 ($4.47). The company has a current ratio of 1.84, a quick ratio of 1.11 and a debt-to-equity ratio of 285.40. The company has a market cap of £242.67 million and a P/E ratio of 1,182.00.

Strix Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 28th. Stockholders of record on Thursday, October 6th will be paid a dividend of GBX 2.75 ($0.03) per share. This represents a dividend yield of 1.94%. The ex-dividend date is Thursday, October 6th. Strix Group’s payout ratio is 80.00%.

About Strix Group

(Get Rating)

Strix Group Plc designs, manufactures, and supplies kettle safety controls, and other components and devices worldwide. The company offers thermostatic controls, cordless interfaces, water jugs, and filters. It also provides water heating and temperature control, steam management, and water filtration devices.

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Analyst Recommendations for Strix Group (LON:KETL)

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