Strix Group (LON:KETL – Get Free Report) had its price target decreased by investment analysts at Berenberg Bank from GBX 70 to GBX 65 in a report released on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 96.04% from the company’s current price.
Separately, Stifel Nicolaus restated a “buy” rating and set a GBX 54 price target on shares of Strix Group in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 55.
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Strix Group Price Performance
Strix Group Company Profile
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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