Strix Group (LON:KETL) Earns “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Strix Group (LON:KETL) in a research note issued to investors on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 175 ($2.29) price objective on the stock.

Separately, Shore Capital reaffirmed a buy rating on shares of Strix Group in a report on Friday, September 6th.

Shares of LON:KETL opened at GBX 175.40 ($2.29) on Wednesday. The company has a 50-day simple moving average of GBX 165.77 and a 200-day simple moving average of GBX 161.84. Strix Group has a one year low of GBX 128 ($1.67) and a one year high of GBX 182 ($2.38). The stock has a market capitalization of $333.26 million and a price-to-earnings ratio of 15.12.

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

About Strix Group

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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