Kistos (LON:KIST) Shares Up 1.1% – What’s Next?

Kistos Holdings Plc (LON:KIST) shares shot up 1.1% during trading on Wednesday . The stock traded as high as GBX 269.50 and last traded at GBX 268. 143,340 shares were traded during trading, a decline of 53% from the average session volume of 306,935 shares. The stock had previously closed at GBX 265.

Wall Street Analysts Forecast Growth

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

Kistos Stock Performance

The firm has a fifty day moving average price of GBX 254.41 and a 200 day moving average price of GBX 206.19. The company has a debt-to-equity ratio of 822.55, a quick ratio of 2.33 and a current ratio of 2.07. The stock has a market cap of £222.76 million, a PE ratio of -4.70 and a beta of 0.35.

Insider Activity

In other news, insider Peter Mann sold 13,641 shares of the stock in a transaction on Friday, January 30th. The stock was sold at an average price of GBX 220, for a total transaction of £30,010.20. Also, insider Andrew Austin sold 13,191 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of GBX 220, for a total value of £29,020.20. In the last quarter, insiders sold 28,625 shares of company stock worth $6,297,500. Insiders own 25.19% of the company’s stock.

About Kistos

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.