Strix Group (LON:KETL) Given “Buy” Rating at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Strix Group (LON:KETL) in a research note released on Wednesday morning, LSE.Co.UK reports. Peel Hunt currently has a GBX 175 ($2.29) target price on the stock.

KETL has been the topic of several other reports. Shore Capital reissued a buy rating on shares of Strix Group in a research note on Wednesday. Canaccord Genuity reissued a buy rating and issued a GBX 210 ($2.74) price target on shares of Strix Group in a research note on Wednesday. Finally, Peel Hunt reissued a buy rating and issued a GBX 175 ($2.29) price target on shares of Strix Group in a research note on Wednesday.

LON:KETL opened at GBX 175.40 ($2.29) on Wednesday. The company’s 50-day moving average price is GBX 165.77 and its 200-day moving average price is GBX 161.84. The company has a market cap of $333.26 million and a P/E ratio of 15.12. Strix Group has a twelve month low of GBX 128 ($1.67) and a twelve month high of GBX 182 ($2.38).

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