Strix Group (LON:KETL) Insider Mark Adrian Kirkland Sells 6,315 Shares

Strix Group Plc (LON:KETL) insider Mark Adrian Kirkland sold 6,315 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of GBX 43, for a total transaction of £2,715.45.

Strix Group Trading Down 0.3%

Shares of LON:KETL opened at GBX 42.83 on Tuesday. The company has a market cap of £94.90 million, a P/E ratio of 12.60 and a beta of 0.90. The stock’s 50-day moving average is GBX 39.41 and its 200-day moving average is GBX 41.65. Strix Group Plc has a 52-week low of GBX 32.50 and a 52-week high of GBX 52. The company has a debt-to-equity ratio of 192.67, a quick ratio of 1.19 and a current ratio of 1.68.

Wall Street Analysts Forecast Growth

KETL has been the topic of a number of research analyst reports. Berenberg Bank lowered their target price on Strix Group from GBX 75 to GBX 70 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 54 price target on shares of Strix Group in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 56.67.

About Strix Group

Founded in 1982, Isle of Man based Strix, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.

Strix’s core product range comprises a variety of safety controls for small domestic appliances, primarily kettles. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly.

Strix has built up market leading capability and know-how, expanding into complementary products and technologies.