Strix Group (LON:KETL) Receives Buy Rating from Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of Strix Group (LON:KETL) in a report published on Wednesday, Digital Look reports. Canaccord Genuity currently has a GBX 210 ($2.74) price target on the stock.

KETL has been the subject of several other research reports. Peel Hunt restated a buy rating and set a GBX 175 ($2.29) price target on shares of Strix Group in a research note on Wednesday. Shore Capital restated a buy rating on shares of Strix Group in a research note on Wednesday.

Shares of KETL stock opened at GBX 175.40 ($2.29) on Wednesday. The company has a 50 day moving average of GBX 165.77 and a 200-day moving average of GBX 161.84. Strix Group has a 12-month low of GBX 128 ($1.67) and a 12-month high of GBX 182 ($2.38). The firm has a market cap of $333.26 million and a P/E ratio of 15.12.

The business also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 2.60 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 1.54%. Strix Group’s payout ratio is currently 0.60%.

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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