Strix Group Plc (LON:KETL – Get Free Report)’s share price hit a new 52-week low on Friday. The company traded as low as GBX 31.55 and last traded at GBX 32.10, with a volume of 98854 shares traded. The stock had previously closed at GBX 32.40.
Wall Street Analyst Weigh In
Separately, Berenberg Bank dropped their price target on shares of Strix Group from GBX 70 to GBX 65 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Strix Group presently has an average rating of “Buy” and an average price target of GBX 55.
Read Our Latest Analysis on KETL
Strix Group Price Performance
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.
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