Kistos (LON:KIST) Trading Up 2.4% – Still a Buy?

Kistos Holdings Plc (LON:KIST)’s share price was up 2.4% during mid-day trading on Wednesday . The stock traded as high as GBX 255 and last traded at GBX 255. Approximately 314,657 shares were traded during trading, an increase of 9% from the average daily volume of 289,230 shares. The stock had previously closed at GBX 249.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price objective on shares of Kistos from GBX 280 to GBX 285 and gave the company a “buy” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 285.

Kistos Trading Up 2.4%

The company has a quick ratio of 2.33, a current ratio of 2.07 and a debt-to-equity ratio of 822.55. The firm has a market cap of £211.30 million, a P/E ratio of -4.47 and a beta of 0.33. The business’s 50 day moving average is GBX 221.21 and its 200-day moving average is GBX 185.75.

Insider Transactions at Kistos

In other news, insider Andrew Austin sold 13,191 shares of the stock in a transaction dated Friday, January 30th. The shares were sold at an average price of GBX 220, for a total transaction of £29,020.20. Also, insider Peter Mann sold 13,641 shares of Kistos stock in a transaction dated Friday, January 30th. The stock was sold at an average price of GBX 220, for a total value of £30,010.20. Over the last 90 days, insiders have sold 28,625 shares of company stock valued at $6,297,500. Insiders own 20.58% of the company’s stock.

Kistos Company Profile

Kistos is an independent, integrated energy company with upstream and midstream operations across international markets.

Our operations span the UK, Norway, and the Netherlands. Kistos’ investments across the value chain include upstream operations, both offshore and onshore, and the operation of critical infrastructure to process and store hydrocarbons for ready deployment in the energy market.

Central to our approach is operating with industry-leading sustainability and social responsibility credentials.